News

NEW YORK -- Plans underway from the National Federation of Community Development Credit Unions to form a secondary market for so-called nonconforming loans are still on track despite the upheaval in the financial markets, according to Federation Executive Director Clifford Rosenthal.

MURRIETA, Calif. -- CUTEK has hired a 21-year veteran of Symitar as the consultancy's new sales and marketing director.

Responding to NAFCU's letter to Washington's Department of Financial Institutions recently that private primary deposit insurance "threatens" the dual chartering system, NASCUS stated that the state regulators can handle oversight of their credit unions.

Paul Coakley, chairman of the $35 million St. Agnes Employees Federal Credit Union, Baltimore, and a CU volunteer since 1972, was named "Director of the Year" today at the annual National Directors Convention.

When is it obvious that a director is "micro-managing" operations and the paid staff of the credit union? Is standing in the lobby asking questions of members and staff an example of "micro management."

The history of African-American owned cooperatives in the United States has been mostly undiscovered, but new research has shown that they were pivotal in helping create wealth during times of inequality.