News

Saying that stress tests revealed "an unacceptably high concentration of risk," the NCUA today placed U.S. Central Federal Corporate Credit Union and Western Federal Corporate Credit Union into conservatorship and removed their boards and top executives.

Since the Invest in America program went nationwide in January, it has generated 57,000 car sales, with 80% of those sales financed by credit unions.

American consumers used their credit or debit cards to purchase food from quick services restaurants more last year than during any other time in history, according to cardtrak.com, a Web site that tracks card trends and data.

Persons interested in attending NCUA's June symposium on the 75th Anniversary of the Federal Credit Union Act can now register.

The poor economy, increased spending, and declining revenues are combining to create conditions that could result in a $1.8 trillion deficit this year, the Congressional Budget Office projected today.

As some commercial properties continue to face foreclosures, Nevada Federal Credit Union is one of 130 merchants that are tenants at a newly-constructed $120 million, 731,799-square-foot retail complex.

Two executives have been hired to staff CU Business Capital LLC's newly-launched member business sales division.

Oklahoma Employees Credit Union of Oklahoma City said this week it has now completed a merger of the $10 million OKC Thrift CU increasing total assets to $310 million.