News

A board member of the National Cooperative Business Association has penned an opinion piece opposing the proposed conversion of the $304 million Coastway Credit Union to a mutual bank charter.

Executive Compensation Solutions Chairman Alec Berkman said the NCUA should prepare for a fight if it attempts to take a broad interpretation of its right to repudiate the severance agreements of dismissed corporate executives.

Heartland Payment Systems has threatened to sue competing processors seeking to lure its merchant clients away because of a 2008 security breach.

NCUA Director of Public and Congressional Affairs John McKechnie responded to criticism of the agency's decision to hire PIMCO to help determine corporate investment portfolio values.

A fairly common policy intended to discourage robberies at banks and credit unions drew some fire after a Muslim woman complained that she was being discriminated against because of her headscarf or hijab.

Marketing Director Maureen Johns and her $201 million City Credit Union of Dallas have won CU Members Mortgage's first ever marketing achievement award.