News

The Credit Union Association of Oregon said Thursday it expects a sizable crowd to turn out next month for two separate visits by NCUA Chairman Deborah Matz to the state.

NCUA has liquidated the $137 million First American Credit Union of Beloit, Wisconsin.

An amended NCUA complaint against former officials with Western Corporate FCU added two former WesCorp employees not originally named.

The report from President Obama's Economic Recovery Advisory Board that mentioned taxing credit unions has sparked a flare up in the ongoing fight between banks and credit unions in Wisconsin.

In a changeover with noteworthy symbolism, the $500 million First Citizens' Federal Credit Union of Fairhaven, Mass. has taken over a vacant bank building in Mattapoisett, a coastal community, opening it as a CU branch.

Increasing concentrations of non-agency MBS drove Western Corporate FCU to failure, NCUA said in its amended complaint against former directors and officers yesterday in U.S. District Court.