News

Members of the $54 million KV Federal Credit Union, headquartered in August, Maine have voted to remain a credit union, according to John Murphy, CEO of the Maine Credit Union League.

The flurry this week of NCUA-engineered takeovers of failed credit unions in the West and Southwest is shedding new light on both the strategies of large, well capitalized CUs making the acquisitions as well as the NCUA process itself.

If California Attorney General Jerry Brown's investigation into the three major credit rating agencies turns up any violations of California law and sets a legal precedent, will the NCUA file suit to recover losses

With speech making, picture taking and a cookout, CUNA's leadership all but wrapped up year-long anniversary celebrations last week marking the founding of credit unions with a gathering in Estes Park, Colo., to commemorate CUNA's chartering 75 years ago.

Now that her children are grown and living their lives, Kathy Keenan-Swanson said she's ready to take on another calling.

As credit unions continue to weather the economic storm, it may take achieving economies of scale and scope to reassure members that their financial institutions will remain healthy for the long term.