News

The NCUA, which has run High Desert Federal Credit Union since last October, plans to merge it with another credit union by June 30, the agency recently announced.

Allegacy Services LLC said it has acquired Estate and Business Insurance Services LLC, an insurance agency located in Winston-Salem, N.C.

Two researchers for the Filene Research Institute have authored a report arguing that credit unions should partner with tax preparation companies to offer tax preparation for a fee to lower income employees.

In Eastern Financial Florida Credit Union's March 19 cease and desist order, the Florida Office of Financial Regulation has asked the board to submit a review of business loan workouts conducted by CU Business Capital LLC.

A Wisconsin state court Tuesday named Milwaukee bankruptcy attorney Michael Polsky, as receiver for Central States Mortgage Co.

At least five credit unions have now signed up for the electronic banking platform launched last year by PSCU Financial Services.

WASHINGTON -- A Senate panel last week approved an amendment to raise the NCUA's borrowing authority from the Treasury Department from $100 million to $6 billion.

Citadel FCU will be able to serve an area of five million people in the Philadelphia area as a result of NCUA's decision to grant it a community charter.