News

Since the SBA's America's Recovery Capital loan program debuted last summer, First U.S. Community Credit Union has been flooded with applications and the deluge has led to bigger loans for the Sacramento, Calif.-based cooperative.

Although the economy continues to pick up steam, consumers were reluctant to take on new credit for their purchases.

Some of the credit unions that lost money when US Mortgage CEO Michael McGrath fraudulently sold some of their loans to Fannie Mae have made progress in coming to a settlement with the mortgage giant and CUNA Mutual Insurance.

An iPad application for credit unions made its debut this week.

The $312 million Connexus Credit Union of Wausau, Wis. announced Monday it expects to complete the merger of the $3 million Wausau City Employees CU by June 1.

As required by the Pension Protection Act of 2006, the IRS is reminding tax-exempt nonprofit organizations they are required to file their Form 990 by May 17 or risk having their federal tax-exempt status revoked.