News

Last night, CUNA distributed a summary of accounting guidelines to members to assist with the question of whether or not to record U.S. Central's Dec. 31 losses on their books.

Early signs of economic recovery could come during the next six months, according to a Charles Schwab survey of more than 1,200 independent financial advisers.

A few credit unions joined banks last week in an effort to recoup some of the losses they have taken as a result of the largest card data breach ever.

Former U.S. Mortgage Corp. President/CEO Michael McGrath isn't the only U.S. Mortgage employee implicated in the fradulent scheme of selling $14 million worth of mortgage loans to Fannie Mae.

NCUA Region I Director Mark Treichel has been named acting director of the agency's Office of Corporate Credit Unions, the agency announced last week.

The shutdown of Central States Mortgage Co., a Milwaukee CUSO, underscores the need for credit unions to perform "full faith due diligence investigating third parties before jumping into this kind of business," warned Wisconsin's top CU regulator.