News

James Tedisco, a Republican who was backed by CUNA and the Credit Union Association of New York in a special election to the U.S. House, conceded defeat on Friday, almost a month after the election.

Three days after Eastern Financial Florida Credit Union was placed in convservatorship by NCUA, the $1.8 billion credit union will merge with Space Coast Credit Union, it was announced late today.

NCUA spokeswoman Cherie Umbel told Credit Union Times that it can not confirm that Eastern Financial Florida Credit Union will merge with Space Coast Credit Union.

If the Federal Reserve can release the parameters of stress testing on the 19 largest U.S. banks, why can't credit unions review the NCUA's corporate loss methodology?

Employees of credit unions with credit card programs can learn about the new regulations on credit cards at NAFCU's Webcast from 2:00-3:30 p.m. EDT. on May 6.

Members of Space Coast Credit Union's executive management team are scheduled to meet with management at Eastern Financial Florida Credit Union today to begin the process of assessing every operational area of the troubled financial institution.

Credit Union 24, the credit union owned ATM and EFT network headquartered in Florida has announced four more CUs have joined its network and credit unions worth more than $4.3 billion in assets have renewed their contracts with their network.

Consumers bought fewer big-ticket items such as cars, appliances and office equipment last month, the Commerce Department reported today.