News

The $1.3 billion Constitution Corporate Federal Credit Union sunk further into insolvency, reporting an additional $24.4 million OTTI in December financials and increasing its unaudited prior undivided earnings deficit to $25.2 million.

Bill Bynum says the Obama Administration's recent decision to use some funds from the Troubled Asset Relief Program to help community development financial institutions was the result of long consultations with the CDFI industry.

Due to the weekend's record-setting snow fall in the Washington area, the capital region's offices of federal government-including the NCUA-are closed today.

Credit union employees and volunteers who want to know more about some of the biggest compliance issues can register for CUNA's audio conference on compliance issues, scheduled for this Thursday.

Iowa's second largest credit union, the $914 University of Iowa Community CU, is moving ahead this month to merge with the $46 million Best of Iowa Community CU as the Iowa City-based CU seeks a larger footprint in the Cedar Rapids market.

California's struggling large credit unions didn't gain any ground during fourth quarter 2009.