News

Members of Municipal Employees Credit Union Inc. of Baltimore recently received their share of a $4.2 million dividend.

NATIONAL HARBOR, Md. -- NCUA Board Member Gigi Hyland said today that the credit union movement needs to retool itself to regain its cooperative spirit and do more to serve the underserved.

NATIONAL HARBOR, Md. -- The new proposal for rules on the structure of corporate credit unions will likely have stricter controls on asset liability and restrictions on risk concentration, NCUA General Counsel Robert Fenner said today.

To bolster recovery in the construction and service sectors, the SBA said it is offering surety bond guarantees on federal contracts valued at up to $10 million.

Former NCUA Vice Chairman Elizabeth Flores Burkhart died today.

NATIONAL HARBOR, Md. -- Credit unions should focus on a few mortgage products, do them well and become go-to experts on the housing market in their local media.

NATIONAL HARBOR, Md. -- NCUA Vice Chairman Rodney Hood said today he is optimistic about the future of the credit union system, but urged people in the movement to make themselves stronger by focusing on offering great products and financial education.

Protesting usury laws and concerned about rising foreclosures, a group of religious leaders visited credit unions and banks in downtown Durham, N.C. as part of what was described as an international crusade, called "10% Is Enough."