News

NEW YORK -- The trustee overseeing the liquidation of Bernard Madoff Investment Securities LLC will receive $28 million from a Bank of New York Mellon Corp. account to help cover related expenses.

LANSING, Mich. -- The "Invest in America" auto financing program continues to draw a favorable consumer response with more than one million Web site hits, league officials reported Tuesday.

ALEXANDRIA, Va. -- Recognizing a rise in loan participation activity and their related losses and delinquencies this year, NCUA has provided a 12-page refresher guide for credit unions.

FAYETTEVILLE, N.C. -- Navy Federal Credit Union said it has no intention of retrenching on its branch expansion in North Carolina or in other states following the latest banker assault on large CUs "growing beyond their original purpose and common bond."

SAN DIEGO - Firethorn has been chosen by San Diego County Credit Union to provide mobile banking to its 196,000 members beginning early next year.

WARRENVILLE, Ill. - The Central Credit Union Fund Foundation, recently announced its board of trustees, which will be lead by Chairperson Barry F. Crosby, president/CEO of Freedom Credit Union.