Virginia

ALEXANDRIA, Va. — NCUA is encouraging low-income credit unions to apply for the agency's latest round of technical assistance grants.

ALEXANDRIA, Va. — NCUA said it has filed suit in federal court against U.S. Bank N.A. and Bank of America N.A., alleging these institutions violated state and federal laws by failing to fulfill their duties as trustees for 99 residential mortgage-backed securities trusts.

ALEXANDRIA, Va. — Detroit-based Health One CU Friday was liquidated by the Michigan Department of Insurance and Financial Services, with NCUA named as liquidating agent.

ALEXANDRIA, Va. — At NCUA's final board meeting of 2014, Chairman Debbie Matz announced the formation of two working groups, one focused on field-of-membership issues and the other on supplemental capital.

ARLINGTON, Va. — NAFCU has appointed Alicia Nealon as director of regulatory affairs.

ALEXANDRIA, Va. — Median loan growth rates were up by 3.5% for the year ending in the third quarter of 2014, according to new state-by-state analysis from NCUA.

Hampton Roads Bankshares in Virginia Beach, Va., has agreed to pay $200,000 to address an investigation by the Securities and Exchange Commission into the company's accounting practices.

ALEXANDRIA, Va. — Loan balances at credit unions are by more than 10% year-over-year for the third quarter, according to new data released Thursday by NCUA.

The Freedom Bank of Virginia has extended the deadline for its $4 million stock offering in response to investors' requests for more time.

HERNDON, Va. — A discovery process during a core conversion uncovered the ability of Northwest Federal Credit Union to enhance its online mortgage servicing capability, resulting in a nearly 50% increased user rate.

ARLINGTON, Va. — Faced with system inefficiencies with its maintenance, administration, vendor management and contract management segments, the Partnership Federal Credit Union developed a business technology unit that has saved hundreds of thousands of dollars.

First National Corp. in Strasburg, Va., has agreed to buy six branches in Virginia from Bank of America.

ALEXANDRIA, Va. — Only 47 federally insured credit unions filed late Call Reports

BNC Bancorp in High Point, N.C., has agreed to buy Valley Financial in Roanoke, Va.

ARLINGTON, Va. — A number of credit union and bank executives have been ignoring the National Institute of Standards and Technology's Framework for Improving Critical Infrastructure Cyber Security, waiting for the federal government to issue more definitive guidance.

ARLINGTON,Va. — NASCUS kicked off its inaugural cyber security symposium last Thursday, and judging from attendance, there will be a repeat performance next year.

LOS ANGELES and NOTRE DAME, Ind. — Two collegiate credit unions are putting a football rivalry to good use.

ALEXANDRIA, Va. – The next deadline for CUs interested in applying for free consulting help from the NCUA's Office of Small Credit Union Initiatives (OSCUI) is Nov. 30, the NCUA announced Wednesday.

Shaza Andersen recently sent out a companywide email stating that employees who don't deposit their paychecks into a WashingtonFirst account will soon be required to pick up paper checks — from her office.

Clashes between directors and management are becoming routine at Cardinal Bankshares in Virginia, which recently forced out its CEO for the second time in two years.