News

The NCUA's corporate stabilization Webinar presenters provided insight today regarding the agency's analysis of corporate investment portfolio values.

Credit unions finalizing 2008 annual reports will have to make some 11th-hour adjustments to their year-end financials, thanks to Friday's conservatorship of the $34 billion U.S. Central FCU and the $23 billion WesCorp.

Credit union leaders Monday were voicing support, albeit reluctant, for the NCUA takeover of two corporate credit unions.

The "very severe earnings hit" on credit unions by NCUA's corporate takeovers should now force the Treasury and Congress to come up with a CU aid package, the president/CEO of The Golden l CU of Sacramento said Monday.

Open Solutions said it has sold its new core processing solution to Bank-Fund Staff Federal Credit Union.

The SEC charged New York's former deputy comptroller and a chief political adviser for extracting millions of dollars in kickbacks from investment management firms seeking to manage the assets of New York's largest pension fund.