News

The $69 million Hope Community Credit Union and its principal sponsor, the Enterprise Corporation of the Delta celebrated the launching of a branch Mississippi's gulf coast, an area still recovering from damage from previous severe hurricanes.

In effort to assure nervous consumers about the safety of their financial institutions, the NCUA today sent a letter explaining to members the agency's corporate credit union stabilization plan.

Members of the $850 million Local Government Federal Credit Union have raised more than $250,000 for the NC State Firefighters Association through a specially designated debit card promoted for that purpose.

Open Solutions Inc. was downgraded by Moody's Investors Service to a corporate family rating of B3 and ratings outlook of negative and, as of March, was listed as a 'Bottom Rung' company.

Troubles continued to mount Friday for the now-closed Central States Mortgage Corp., hit by a state judge's order effectively freezing $2.3 million in assets and the reported dismissal of key management earlier in the week.

NCUA Chairman Michael E. Fryzel and NASCUS Chairman George Reynolds are both scheduled to discuss their views on how best to structure the regulation of financial services during a hearing next Thursday being held by the Senate Banking Committee.