News

The National Federation of Community Development Credit Unions is launching a concerted effort to help community development credit unions apply for money available from the Treasury's Community Development Financial Institutions Fund.

A debate is brewing regarding the necessity to take U.S. Central Federal Credit Union and Western Corporate Federal Credit Union under conservatorship.

WASHINGTON - CUNA President Dan Mica today made another pitch for lifting the cap on member business loans, but Sen. Christopher Dodd said he wants to proceed with caution because of concerns about regulatory oversight.

NCUA Executive Director David Marquis dropped a bombshell on members of Western Corporate Federal Credit Union yesterday afternoon: their paid-in capital and member capital is gone.

Frank Pollack, the president/CEO of the $13 billon Pentagon Federal Credit Union, urged the NCUA Tuesday to work toward lengthening the payment schedule over eight years to re-fund the NCUSIF.

The $7 billion The Golden 1 Credit Union yesterday purchased a $500 million private placement, short-term revenue anticipation note from the State of California, which the state issued to make up for budget shortfalls.