News

WASHINGTON -- The NCUA is scheduled to unveil proposed changes to its rules on Prompt Corrective Action and on the definition of Post Merger Net Worth at its meeting next Thursday.

RANCHO CUCAMONGA, Calif. -- The California and Nevada Credit Union League's research and information hotline has been ringing off the hook this week with calls from member credit unions seeking to clarify NCUA share insurance details, said Henry Kertman, vice president of public affairs.

DULUTH, Ga. -- Georgia Credit Union Affiliates has tracked a number of credit unions across the state that are helping members stay afloat in the midst of a tidal wave of high gas prices, rising food costs and other recession-like signs.

PHILADELPHIA -- The U.S. Third Circuit Court in Philadelphia ruled in the favor of Pennsylvania State Employees Credit Union yesterday on an appeal the credit union made to a breach of contract claim against BJ's and Fifth Third Bank.

WEST LAFAYETTE, Ind. -- Six more credit unions have signed on as new clients of Passageways LLC (www.passageways.com) in the past three months, the company said.

WASHINGTON -- Access to NCUA's Web site will be limited from Friday night until Saturday morning because power will be shut down at its Alexandria, Virginia headquarters.