News

Another bank that began its life as a credit union has been purchased by a larger bank.

To help credit unions prepare for the 2007 hurricane and severe storm season, CUNA Mutual Group has developed a new resource tool titled "Risk Report, Disaster Preparedness: Prepare for the Unexpected."

The Coalition For Credit Union Charter Options, the banker-run organization that argues in favor of credit union to bank charter conversions, has charged some credit union leaders with hypocrisy in their stands on the recent Wings merger.

NCUA today responded to the possibility of a settlement in a lawsuit between Everest National Insurance Company and Robert Sutton, former CEO of Centrix Financial LLC and other former Centrix officials.

In a scathing lawsuit filed in the United States District Court, District of New Jersey, Everest National Insurance Company charges Robert Sutton, former CEO of Centrix Financial LLC and other former Centrix officials with fraud and conspiracy. The charges relate to Centrix's operation of its Portfolio Management Program (PMP) and...

Despite strong opposition from the bankers, the Credit Union Regulatory Improvements Act (H.R. 1537) continues to add co-sponsors, exceeding last year's pace.