Ed Roberts

SAN DIEGO — A former senior executive at San Diego County CU filed a whistleblower lawsuit against the $6 billion credit union in state court late last month.

SMITHFIELD, R.I. — Navgiant CU and several nonprofit groups have developed a new payday loan program they hope will convince state lawmakers to ban traditional high-rate payday loans.

VALDOSTA, Ga. — Southeastern FCU hired E. Michael Gudely, the former president of MBL CUSO Innovative Business Solutions LLC, as president and CEO of the $185 million credit union.

NEW YORK—NCUA will receive $78 million from Ally Financial under a settlement of claims the credit union regulator filed over mortgage-backed securities the former GMAC subprime loan subsidiary known as Residential Capital, or ResCap, sold to three corporate credit union failures.

BUCKSPORT, Me. — Seaboard FCU has become the first financial institution to offer a new private student loan guaranteed by the Financial Authority of Maine, known as FAME.

ALEXANDRIA, Va. — New NCUA Board member Rick Metsger has hired Michael Radway, a former congressional staffer who helped draft HR 1151, the landmark 1998 CU Membership Access Act, as his top policy advisor Friday, NCUA announced.

ALEXANDRIA, Va. — The various offices of NCUA working to resolve credit union failures typically diverge on the estimated costs—sometimes widely—to the National CU Share Insurance Fund.

VERNON HILLS, Ill. — Baxter CU announced Friday morning it has successfully completed the first implementation of CU Financial Exchange.

WASHINGTON — Senate Majority Leader Harry Reid announced Thursday that the Senate will reconsider the nominations of Rep. Mel Watt to be chairman of the Fannie Mae and Freddie Mac regulator.

ALEXANDRIA, Va. — NCUA banned a former manager of the Veterans Administration branch of The Credit Union of Leavenworth Thursday from working for credit unions or banks for stealing $330,000 from members she had personally befriended

WASHINGTON — President Obama's nomination of Democratic Rep. Mel Watt to head the Federal Housing Finance Agency is in jeopardy after Senate Republicans successfully blocked a final confirmation vote on the potential chief regulator for Fannie Mae and Freddie Mac.

RIVERDALE, Utah. — America First Credit Union has introduced a mobile app that allows its Visa cardholders to personalize their debit or credit cards with photos they've uploaded from their smartphones.

America First Credit Union introduced a mobile app this month that allows its Visa cardholders to personalize their debit or credit cards with photos they've uploaded from their smartphones.

LOS ANGELES — University CU said Charles Bumbarger, its president and CEO for 37 years, is retiring from the $480 million credit union Dec. 31.

ST. JOSEPH, Mich. — The common bond requirements for credit unions, more commonly known as field of membership, used to create barriers to credit unions acquiring bank and non-related assets because affected customers would have to reside within an acquiring credit union's FOM.

LAS VEGAS — Silver State Schools CU reported its sixth straight quarterly profit, but the one-time $1 billion institution, one of the biggest privately insured credit unions, still has a huge hole to fill from losses racked up during the state's financial crisis.

NEW YORK — NCUA will receive $78 million from Ally Financial under a settlement of claims the credit union regulator filed over mortgage-backed securities the former GMAC subprime loan subsidiary known as Residential Capital, or ResCap, sold to three corporate credit union failures.

WASHINGTON — Two members of the Senate's Economic Mobility Caucus introduced a bill Tuesday that would allow prize-linked savings accounts like the ones pioneered by credit unions nationwide.

WASHINGTON — A prominent credit union executive called on Congress Tuesday to undertake major changes to ease the authority of the fledgling Consumer Financial Protection Bureau over credit unions and banks.

MIAMI — A small credit union involved in a whistleblower suit with employees alleging they were fired for cooperating with NCUA investigators has applied to convert to a state charter, according to a local newspaper.