News

WASHINGTON -- The Securities and Exchange Commission yesterday took an enforcement action against LPL Financial Corp. for failing to adopt policies and procedures to safeguard 10,000 of its customers' personal information following a series of hacking incidents involving the broker-dealer's online trading platform.

AUGUSTA, Maine -- Should KV Federal Credit Union eventually approve of a merger with a local savings bank, they may turn their backs on some good rates on their savings.

AUGUSTA, Maine -- Two of the four other credit unions in Augusta that the $51 million KV Federal Credit Union said it considered as merger partners before turning to Kennebec Savings Bank said that they were never consulted about a potential merger.

SPOKANE, Wash. -- Numerica Credit Union has partnered with Greater Spokane Inc. to open a BIZStreet information center for those small business owners who can not make the trip to downtown Spokane.

FARMERS BRANCH, Texas -- The Texas Credit Union League debuted Thursday what it calls a broad-based compliance package for directors, middle managers and others on the Bank Secrecy Act.

FREEPORT, Texas -- When Edward Speed, CEO of the $1.3 billion Texas Dow Employees Credit Union and a private pilot, heard that the $150 million Dow Louisiana Federal Credit Union desperately needed cash in the wake of Hurricane Katrina in 2005, the answer was obvious.

LONDON -- The International Accounting Standards Board agreed yesterday to reconsider the application of its International Financial Reporting Standards to credit unions, based on a comment letter submitted earlier this year by World Council of Credit Unions.

WASHINGTON -- Credit unions are doing more to educate their employees and members about share insurance, according to data compiled by NAFCU in its monthly Flash Report released today.