News

Aloha Pacific Federal Credit Union of Honolulu is moving ahead with expansion on two fronts: it merged a small, ailing CU and is opening its first out-state-branch in Las Vegas purchasing a Silver State Schools CU facility.

Two more letters went out yesterday from NAFCU to key lawmakers urging the inclusion of language that would increase the member business lending cap.

The American Credit Union Mortgage Association has aimed its September conference at helping credit unions better understand both their members' mortgage needs and the variety of different ways they could help meet them.

The $7.3 billion Alliant Credit Union, headquartered in Chicago, is merging with the troubled $157 million Continental Federal Credit Union, headquartered in Tempe.

Faulty real estate loans and southern Wisconsin's high unemployment were key factors in the failure Wednesday of the $137 million First American CU and its subsequent FCU takeover, the state's top regulator said Thursday.

The SEC said today it has adopted a temporary rule requiring advisors who provide advice to state and local governments to register with the agency by Oct. 1.