News

The $9 billion Southwest Corporate Federal Credit Union announced big July month-end losses, recording impairments on both U.S. Central and its own securities investments, to the tune of $178 million.

CUNA and NAFCU both praised a proposed NCUA rule allowing more flexibility to FCUs that participate in the Obama administration's program for rewriting and refinancing certain mortgages.

Pennsylvania's auditor general, Jack Wagner, is doing a rethink or a "clarification" on his proposal last month to look at taxing credit unions as a way of helping solve the state's budget impasse.

Four small Milwaukee credit unions are being merged into the $1.4 billion Landmark CU of New Berlin, the state's second largest.

The FBI office in Knoxville, Tennessee, wants to make sure images of their most recent serial bank robber are larger than life.

Members of the $53 million KV Federal Credit Union have begun mailing in their ballots that will determine the future of their institution.