News

Lee Butke, president/CEO of the $4.2 billion Corporate One Federal Credit Union, said the question of raising paid-in capital is a serious one that deserves serious debate. The verdict in his Columbus, Ohio board room? Too risky, Butke said.

NATIONAL HARBOR, Md. -- Invoking the words that soothed Britain during World War II, NAFCU President Fred Becker said today that if credit unions take advantage of the economic downturn, this will be seen as the movement's "finest hour."

The NCUA took control of New Hope Community Development Federal Credit Union in Birmingham, Ala. yesterday.

NAFCU has video advertisements available for member credit unions to use to promote their home finance products and services.

Members of Municipal Employees Credit Union Inc. of Baltimore recently received their share of a $4.2 million dividend.

NATIONAL HARBOR, Md. -- NCUA Board Member Gigi Hyland said today that the credit union movement needs to retool itself to regain its cooperative spirit and do more to serve the underserved.