Boston-area credit union, one of nation's oldest, secures final piece in FDIC approval and making the switch over the weekend.

The Massachusetts Democrat sent Sallie Mae President/CEO Jack Remondi a letter that compared the lenders use of FHLB funds to how big banks benefitted from TARP funds.

Executives from Southern California credit unions voiced their approval of a bill introduced Friday by Rep. Gary Miller that would establish a risk-based capital system.

The bill would give the NCUA the ability to adjust capital requirements when necessary.