News

The NCUA's plan to guarantee deposits at corporate credit unions-which could result in a premium levied on natural person credit unions-was one of the recommendations made by a consulting firm hired by the agency last year.

The $247 million Picatinny Federal Credit Union is continuing to take the legal lead among credit unions victimized by vendor U.S. Mortage Corp. and its credit union division, CU National Mortgage.

Seven families have until the end of the year and a $10,000 incentive to prove that they have what it takes to financially improve their lives.

Locke Capital Management Inc. allegedly created a fake, Switzerland-based billion dollar client in an attempt to attract legitimate investors, the Securities and Exchange Commission said today.

ORLANDO, Fla. - Credit unions must reinvent their collections procedures to match the current economic conditions or risk seeing their losses climb sharply, according to a collections executive and consultant.

WASHINGTON - Refuting the somewhat conventional wisdom among policymakers that some financial institutions are "too big to fail," two of the GOP's most prominent senators said it might not be in the country's interest to keep propping up failing banks.