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'Unsafe, Unsound' Practices Run the Range

By Michelle A. Samaad

The 15-item list of practices determined by the Florida Office of Financial Regulation to be unsafe for the Eastern Financial Florida Credit Union's continued existence runs the gamut.

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Unemployment Hits 8.5%

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'No Bailout' for CUs is Needed, Says Missouri League Head

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April 02, 2009

Eastern Financial Scrambles to Comply With Cease, Desist Deadlines

Up against a series of fast-approaching deadlines, Eastern Financial Florida Credit Union is working to comply with a cease and desist order of unsound and unsafe practices, said the Florida Office of Financial Regulation.

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April 02, 2009

Navy Federal Calls for End of Current Corporate System

Natural person credit unions no longer need corporate credit unions in their current form, Navy Federal Credit Union President/CEO Cutler Dawson wrote the NCUA.

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April 02, 2009

Altura CU Announces Lay Offs and Branch Closings

Altura Credit Union announced that it will cut 35 jobs, close two branches and transition a third branch to an electronic branch.

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April 02, 2009

Virginia CU Launches Keylogger Prevention

A small Virginia credit union has become one of the first in the country to deploy the GUARDED ID anti-keylogging software solution.

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April 01, 2009

Mortgage Rates Hit another Low

A 30-year fixed-rate mortgage averaged 4.78% this week, according to data released today by mortgage giant Freddie Mac.

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April 01, 2009

NAFCU Launches Grassroots Program on Interchange Fees

NAFCU is launching efforts in the districts of eight members of the House Financial Services Committee to persuade them to oppose a measure that would allow the government to control interchange fees.

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April 01, 2009

Constitution Corporate Racing to Produce Year-End Numbers

PricewaterhouseCoopers accountants are crunching numbers at the $1.4 billion Constitution Corporate Federal Credit Union today, working with the corporate's own financial managers to endorse year-end numbers.

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Top News Stories

'Unsafe, Unsound' Practices Run the Range

Unemployment Hits 8.5%

'No Bailout' for CUs is Needed, Says Missouri League Head

Recommended Just For You

News Stories

Eastern Financial Scrambles to Comply With Cease, Desist Deadlines

Navy Federal Calls for End of Current Corporate System

Altura CU Announces Lay Offs and Branch Closings

Virginia CU Launches Keylogger Prevention

Mortgage Rates Hit another Low

NAFCU Launches Grassroots Program on Interchange Fees

Constitution Corporate Racing to Produce Year-End Numbers