The NCUA announced today that it had closed down Community One FCU of Las Vegas and its assets and shares were purchased by America First FCU.

Corporate America Credit Union CEO Thomas Bonds said he met with a new vendor today to begin the process of converting his corporate's payment systems platform away from U.S. Central.

The League of Southeastern Credit Unions is off to a controversial start, after President/CEO Patrick LaPine fired off an Aug. 4 letter to his board members questioning the Alabama regulator's July 31 conservatorship of Mutual Savings Credit Union.

Glenn Latham, head of the Alabama Credit Union Administration, said he was among the first to learn the League of Southeastern Credit Union was questioning his regulatory action against Mutual Savings Credit Union.