News

TAMPA, Fla. -- The staggering increase in investment scams targeted at the elderly has prompted MEMBERS Trust Company to ramp up its efforts to help credit unions spot red flags.

WASHINGTON -- With little fanfare, the Senate today confirmed Michael E. Fryel to a seat on the NCUA board.

SACRAMENTO, Calif. -- Nearly a year after a California assembly bill was signed into law that included updates on granting nonmember loans, the California Department of Financial Institutions has weighed in on the changes.

NEW YORK -- One reason Fitch Ratings put three corporate credit unions on ratings watch negative last month is because monoline insurers that cover mortgage-backed securities, like Ambac Financial Group and MBIA, are struggling.

SAN FRANCISCO -- The sharply increasing cost of gasoline has strained the card payment system and Visa USA has taken steps to try to limit its impact.

PORTLAND, Ore. -- OnPoint Community Credit Union, which formed a joint venture with Countrywide Financial Corporation in February 2007, dissolved the partnership five months ago, said Mary Jane Campbell, senior vice president of marketing for the $2.6 billion institution.