News

A new report from the National Consumer Law Center suggests that the push to have more social security benefits deposited directly in recipients accounts has made those recipients vulnerable to payday lending.

The impending takeover of the ailing Norbel Credit Union in Colorado by a Texas CU triggered a shakeup Tuesday in an advisory governing council of the National Association of State Credit Union Supervisors.

Five members of the defunct New London Security Federal Credit Union have filed a lawsuit to recoup $4 million claiming board members, staff and the CU's accounting firm among others were negligent in supervising its financial adviser.

DeFarra Gaymon, president/CEO of Credit Union of Atlanta, had traveled to New Jersey last week for his high school's 30th class reunion, the Star-Ledger reported today.

A triple-mode mobile banking platform from Fiserv Inc. has now been chosen by 150 credit unions, the company said.

Acting Essex County Prosecutor Robert Laurino today announced that an autopsy performed by the Essex County Medical Examiner's Office determined Credit Union of Atlanta President/CEO DeFarra Gaymon died from a single gunshot wound to the abdomen.