News

With an average net worth of 14.75%, small credit unions with assets under $20 million are generally well capitalized.

A recently released Allegiance, Inc. National Benchmarking/Pulse of America survey finds that as of mid-year consumer expectations of banks and credit unions have shifted away from the roles of industry leader and protector of customer/member finances.

U.S. Central's audit passes the capital hot potato down to retail corporates, which must now adjust their capital to cover for U.S. Central's losses, as well as their own investment losses.

Credit unions have an excellent record of serving the underserved and if more financial institutions acted like them there would be no need for the Community Reinvestment Act, CUNA and NAFCU each wrote the House Financial Services Committee.

While year-to-date membership growth mirrors what it looked like around last July, it is not expected to mimic the steep decline seen in the second half of 2008.

Western Corporate Federal Credit Union filed an April 20 lawsuit against a group of unnamed John Does who gained access to its e-mail system and sent an upsetting e-mail to all employees.