News

Credit unions "have lost confidence and trust in their regulator" CUNA President Dan Mica wrote NCUA Chairman Michael E. Fryzel, last night.

First Corporate Credit Union President/CEO Pete Pritts said his members' reactions to the U.S. Central/WesCorp conservatorships have been a "full range of emotions."

The Washington Credit Union League demanded the NCUA remove PIMCO from future "involvement" on the U.S. Central/WesCorp takeover and give back fees it received.

A board member of the National Cooperative Business Association has penned an opinion piece opposing the proposed conversion of the $304 million Coastway Credit Union to a mutual bank charter.

Executive Compensation Solutions Chairman Alec Berkman said the NCUA should prepare for a fight if it attempts to take a broad interpretation of its right to repudiate the severance agreements of dismissed corporate executives.

Heartland Payment Systems has threatened to sue competing processors seeking to lure its merchant clients away because of a 2008 security breach.