Poor recordkeeping and unsafe loan practices are among the conditions that officials of Kappa Alpha Psi Federal Credit Union agreed on in a letter of understanding and agreement with the NCUA to improve, according to documents released today by the NCUA.

Credit union CEOs have developed a newfound "merger competency" that is fast becoming part of their skill set, according to a new white paper report issued Monday by the CUNA Councils.

Since February 2009, certificates of deposit balances at credit unions have declined by $10 billion while money market accounts increased by $29 billion.

An Illinois credit union has gone first with a new alerts system that lets it notify members either by e-mail or text of individual account or system-wise events.