News

For his role in the loss of $65 billion from former clients, Bernard Madoff today pleaded guilty to 11 counts of theft, money laundering, fraud and perjury and now faces up to 150 years in prison.

Credit unions participating in the Credit Union Better Choice program have made almost 15, 000 loans to consumers seeking an alternative to higher cost payday loans, according to the Pennsylvania Credit Union Association.

Saying that the current rules governing how financial institutions must calculate the value of assets are a "major contributing factor to the nation's financial crisis,"

Credit unions can soon access the most current information on regulatory issues in the latest edition of Compliance, A Journal for Credit Unions.

Freddie Mac named John Koskinen to be its interim CEO and Robert Glauber to be its non-executive chairman.

John DuPree Sr., longtime pioneer in the community development credit union movement and founder of the $1.3 million Shiloh of Alexandria Federal Credit Union, headquartered in Alexandria, Va., has died.