News

Credit union leaders Monday were voicing support, albeit reluctant, for the NCUA takeover of two corporate credit unions.

The "very severe earnings hit" on credit unions by NCUA's corporate takeovers should now force the Treasury and Congress to come up with a CU aid package, the president/CEO of The Golden l CU of Sacramento said Monday.

Open Solutions said it has sold its new core processing solution to Bank-Fund Staff Federal Credit Union.

The SEC charged New York's former deputy comptroller and a chief political adviser for extracting millions of dollars in kickbacks from investment management firms seeking to manage the assets of New York's largest pension fund.

U.S. Central's February 2009 financials report a net income of $6 million; however, the month's additional $700 million in unrealized losses increases the corporate's running total to $6.6 billion.

ALEXANDRIA, Va. - Edgar Callahan was such an important person in the history of the credit union movement that his service to it might continue in Heaven, NCUA Chairman Michael E. Fryzel suggested yesterday.