News

America's Community Bankers has filed a memorandum with the federal district court in Newark, N.J. in support of Spencer Savings Bank, a state-chartered mutual savings association that is opposing the efforts of an activist depositor group to gain control of its board of directors.

Non-interest income has become the great equalizer for a lot of credit unions.

The Senate Banking Committee has scheduled a nomination hearing for David G. Nason as the next Treasury assistant secretary for financial institutions.

Kent Moon, president/CEO, Member Business Lending, LLC, explored with attendees a variety of models to establish and build relationships with business clients that can support the credit unions goals. He also covered the role that government guaranteed lending programs can play in managing a growing portfolio within the business lending...

The $28 billion Navy Federal Credit Union has lent its support to the Virginia Tech Memorial Fund, a fund established to help the victims and Virginia Tech community recover from last month's mass shooting. The credit union contributed $5,000 to the fund.

CenCorp Corporate Credit Union doesn't want to hold on to capital that its members can use better than it can.