News

Purdue Employees Federal Credit Union has promoted Executive Vice President Bob Falk to the newly created position as president/chief operating officer.

At a joint breakout session yesterday with NCUA and the New Jersey Division of Banking during the New Jersey Credit Union League's Annual Meeting here, representatives from the regulators provided an overview of the health of N.J. CUs.

NCUA said today it is currently having discussions with the Securities and Exchange Commission about developing a rule for credit unions on their inclusion in certain brokerage activities without having to register with the SEC.

After reviewing the recently released data under the Home Mortgage Disclosure Act, NAFCU concluded that credit unions' approve more mortgages to minority applicants than other lenders.

As rumored, the board of directors of the $295 million Lafayette Federal Credit Union has named the board's treasurer, John Farmakides, to be CEO.

As rumored, the board of directors of the $295 million Lafayette Federal Credit Union has named the board's treasurer, John Farmakides, to be CEO.