News

Texans CUSO Insurance Group LLC said a court has approved all of its motions for relief after the company filed for Chapter 11 bankruptcy last week.

Nevada's top credit union regulator, George Burns disclosed that his office has issued "letters of understanding and informal cease and desist orders" to unidentified credit unions to bring them into balance sheet compliance.

Now that U.S. Central Federal Credit Union has released its 2008 audit natural person credit union members can finally close the books on other-than-temporary impairments incurred so far by the corporate network.

Dick Heins, retired CEO of CUNA Mutual Group and Dick Ensweiler, president of the Texas Credit Union League will be recognized in the National Credit Union Foundation's Herb Wegner Awards next year.

The Internal Revenue Service let yesterday's deadline for appealing the verdict against it in the lawsuit filed by Community First Credit Union pass without appealing.

When asked how the NCUA expects the economy to perform, and what effect it might have on corporate bonds, Office of Corporate Credit Unions official Scott Hunt said economic forecasting is not the regulator's business.

Michael Hales, president/CEO of a new business services CUSO, joins SBA Administrator Karen Mills and others who strongly believe that an economic recovery is closely tied to bolstering small businesses.

Two ATM skimmers from Bulgaria face years in federal prison after pleading guilty to skimming tens of thousands of dollars from U.S. consumers at ATMs.