News

PSCU Financial Services, the payments CUSO serving over 500 credit unions that process their card transactions on the First Data platform has lobbied a financial ratings firm on behalf of credit unions.

In a move that brings the Democrats a step closer to a 60-seat majority that could enable it to block filibusters, Sen. Arlen Specter (R-Pa.) is expected to cross the aisle and join the majority party, according to several media reports.

Share insurance fund premiums and impairments hit the $162 million Community One Federal Credit Union especially hard, helping to knock the Las Vegas-based credit union down to 2% capital, including optional assets.

Effective May 1, Ken Burns will take over the corner office at Patelco Credit Union in San Francisco. Patelco's current CEO, Andy Hunter, announced his intended retirement last July.

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?