Cooperatives pack a powerful economic punch that often flies beneath the radar screen.

NCUA will release a summary of its commissioned PIMCO report "in the near future", said Chairman Michael Fryzel today. Comments from the agency's leader were included in NCUA's weekly Friday corporate update.

According to the NCUA's newly released corporate securities summary, Western Corporate FCU's AAA-rated securities at the time of purchase didn't accurately reflect investment quality.

The $450 million First Citizens' Federal Credit Union of New Bedford, Mass., will unveil a new logo, tagline and new colors Monday as it marks a calibrated effort to remake the CU into one more tech-oriented.