News

A Milwaukee judge could rule today on a state bankruptcy petition filed by Central States Mortgage Co., the Wauwatosa, Wis. CUSO, that abruptly halted mortgage originations and closed down operations March 9.

A pair of credit unions using an online account opening solution from MeridianLink said they are seeing an increase in membership.

An op-ed article in today's New York Times on the latest bank bailout outlined the "vast swath of new powers" that will be given to the FDIC by the Treasury and foresaw the possible demise of "obscure regulatory animals," including the NCUA.

The NCUA released an update on its activities at U.S. Central and WesCorp this week, after placing the two corporate credit unions into conservatorship one week ago today.

Add the Association of Corporate Credit Unions to the list of industry groups speaking out against the U.S. Central and WesCorp conservatorships.

Employees at the Federal Communications Commission, including its top brass, were recently reminded of the credit union difference.

Today's NCUA corporate update addressed some of the controversies surrounding last week's regulatory actions.

Small businesses that need surety bonds to compete for construction and service contracts can now qualify for Small Business Administration-backed surety bonds of up to $5 million, the agency said.