WASHINGTON -- The Office Of Thrift Supervision has approved the application of the $1.3 billion Think Federal Credit Union, headquartered in Rochester, Minnesota to convert to a mutual savings bank.

NEW ORLEANS--While NCUA Board Member Gigi Hyland praised the work of the National Federation of Community Development Credit Unions during its 33rd Annual Conference on Serving the Underserved, she stressed that credit unions exist to serve all their members.

NEW ORLEANS--In his keynote address at the opening session of the National Federation of Community Development Credit Unions' Serving the Underserved Conference, NCUA Vice Chairman Rodney Hood challenged credit unions to increase homeownership among the underserved.

PASADENA, Calif. -- The $3.9 billion Wescom Credit Union has purchased a noted check cashing company that is says it will operate as a CUSO as an outreach to help underserved and unbanked communities.