News

A $1.6 billion Grand Rapids, Mich. credit union could soon be buying an ailing bank following enactment of new enabling regulations pushed by the Michigan Office of Financial and Insurance Regulation.

Visa has pulled Heartland Payment Systems, the merchant processor that suffered a security breach that may have compromised more than 100 million credit and debit cards,

Don't eliminate corporate credit unions but see to it that the NCUA does a better job of policing them.

Community development credit unions are doing everything from canceling celebratory annual meetings to cutting back on health insurance in order to pay their part of NCUA's NCUSIF assessment.

In another sign that the housing market may be picking up, sales of new homes increased 4.7% in February, the Commerce Department reported today.

The NCUA needs to provide still "more transparency" and understanding of its corporate actions and be cautious in "casting us with the lot of all other financial institutions," said CUNA Chairman Kris Mecham.