News

Open Solutions said it has sold its new core processing solution to Bank-Fund Staff Federal Credit Union.

The SEC charged New York's former deputy comptroller and a chief political adviser for extracting millions of dollars in kickbacks from investment management firms seeking to manage the assets of New York's largest pension fund.

U.S. Central's February 2009 financials report a net income of $6 million; however, the month's additional $700 million in unrealized losses increases the corporate's running total to $6.6 billion.

ALEXANDRIA, Va. - Edgar Callahan was such an important person in the history of the credit union movement that his service to it might continue in Heaven, NCUA Chairman Michael E. Fryzel suggested yesterday.

Saying that stress tests revealed "an unacceptably high concentration of risk," the NCUA today placed U.S. Central Federal Corporate Credit Union and Western Federal Corporate Credit Union into conservatorship and removed their boards and top executives.

Since the Invest in America program went nationwide in January, it has generated 57,000 car sales, with 80% of those sales financed by credit unions.