News

Alaska USA Federal Credit Union will buy the assets of High Desert Federal Credit Union, which the NCUA has been operating under conservatorship since October 2008.

Federal Reserve Chairman Ben S. Bernanke this week singled out the "uniquely important role" of credit unions and other Community Development Financial Institutions in fostering economic growth and development.

The State Employees' Credit Union's SECU Foundation has pledged $300,000 to complete construction of a North Carolina hospice facility.

A trio of small Wisconsin credit unions are apparently in merger mode this month with two of them under the gun of the NCUA and all linked to last February's collapse of Central States Mortgage Co., the Wauwatosa, Wis. CUSO now in liquidation.

To help educate companies about hiring persons with disabilities, NuUnion Credit Union has joined a new, statewide council to carry out that mission.

Not satisfied with the NCUA's level of transparency on the financial problems of U.S. Central and WesCorp, some of the leaders of the largest credit unions are trying to raise $250,000 to study the securities held by the two corporates.