News

After 12 years at the helm, Fred Longstreth said he will retire July 1 as president/CEO of Fiberglas Federal Credit Union.

The Credit Union Regulatory Improvements Act has added seven more co-sponsors in the latter half of this week for a total now of 114 with primary sponsor Paul Kanjorski (D-Pa.).

NCUA has brought its Bank Secrecy Act Examination expectations to the same level as the other banking regulators after once being thought of in catch-up mode one expert told Credit Union Times' BSA conference yesterday.

Everest National Insurance has vowed to continue paying default protection insurance (DPI) on subprime auto loans purchased through the Centrix Portfolio Management Program (PMP), but a possible settlement is worrisome to officials at the NCUA and of concern to many credit unions as well.

Michael McGrath, president of CU National Mortgage and its parent company, US Mortgage Corp, has been appointed to the Fannie Mae Customer Advisory Board, giving CUs their first presence on the influential board. CU National Mortgage is a mortgage product and service provider to credit unions nationwide that serves over...

Fidelity National Information Services, the credit card processor to the majority of credit unions, has announced its intent to purchase eFunds Corporation, a leading EFT processor.