News

The NCUA announced today that it had liquidated Free Choice Federal Credit Union and member accounts were purchased and assumed by Trumark Financial Credit Union.

The 28-year-old hacker who prosecutors have alleged was behind many of the largest card security breaches since 2007 is reportedly close to finalizing a plea bargain in at least some parts of the case.

As the impact of the current economy has taken its toll on corporate credit unions, looking to next year, CUNA Mutual has decided to adapt its bond program accordingly.

CUNA CEO Dan Mica's exit by year-end 2010 opens the national dialogue on merging CUNA and NAFCU, the new head of the League of Southeastern Credit Unions said today.

NCUA Chairman Deborah Matz will speak at NAFCU's Congressional Caucus next month.

Rene Palomino, the lawyer for accused computer hacker Albert Gonzalez, argued in a recent interview with ComputerWorld magazine that Gonzalez is more addicted to computers than he is to crime.