News

Bucky Sebastian has another reason for wanting the merger between GTE Federal Credit Union and Suncoast Schools Federal Credit Union to go through: a new $850 million member business lending cap.

At least one company stands to gain from the concern about a possible premium to replenish the NCUSIF.

The $1.2 billion Polish and Slavic Federal Credit Union has drawn international attention for its work with the Polish community.

Credit unions would have to comply with the provisions of the Community Reinvestment Act under a bill that Rep. Eddie Bernice Johnson (D-Texas) plans to introduce later this week.

The Wisconsin Division of Banking Tuesday called the abrupt closing of Central States Mortgage Co., the Milwaukee CUSO, discomforting and "extremely unusual" for an operation its size.

The sudden closing of Central States Mortgage Co., a Wisconsin CUSO with 25 CUs and the Wisconsin Credit Union League as shareholders, set off a new round of charges Tuesday.