PHILADELPHIA – NCUA announced Sunday it liquidated People for People Community Development CU and assigned the remnants of the failed $1.3 million credit union to $1.4 billion TruMark Financial CU of Philadelphia.

LOS ANGELES – NCUA told a federal court Friday a ruling earlier in the week in Massachusetts should support its billion-dollar lawsuits against two Wall Street banks for the sale of mortgage backed securities to failed corporate credit union giants, WesCorp FCU and U.S. Central FCU.

EVANSVILLE, Ind. – Employees at Sterling United FCU were met with an unpleasant surprise last Thursday when they went to inspect a truck that had been repossessed by the credit union—the dead body of the owner who had borrowed from the credit union to purchase the vehicle.

KENOSHA, Wis. – NCUA and state credit union regulators took over A M Community CU, a troubled one-time $135 million credit union that serves Chrysler workers and the surrounding community, after the close of business Friday evening.

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FITCHBURG, Mass.-With no history and cash flow to measure, new businesses make for difficult lending decisions. But one CU says its policies significantly reduce the risk of lending to a start-up.

WEST PALM BEACH, Fla.—February 29, or "Leap Day," is added to the calendar every four years to compensate for the extra time it takes the earth to rotate the sun. The process takes 365 days and just under six hours, so every fourth year an extra day is added to the calendar to make up for that added time.

COLUMBIA, S.C.-Carolina Collegiate FCU here is among those taking advantage of Leap Day on Feb. 29 with a special promotion.

LAS VEGAS-It isn't always easy to convey trust over the telephone, but it's critical, according to one analyst.

SAN DIEGO-North Island Credit Union continued one of the more remarkable turnarounds of troubled CUs in 2011, when it posted $19.6 million in net income, excluding assessments.

DES MOINES, Iowa-The plain vanilla credit or debit card with no extras will likely get shoved to the bottom of the digital wallet.

PENSACOLA, Fla. – Navy FCU said this morning it plans to hire as many as 600 employees at its local call center campus to accommodate growth that included 400,000 new members last year.

MADISON, Wis. -- The state Assembly passed a bill yesterday that will allow credit unions to double their financial support for charitable and community organizations, the first time in 40 years the limit has been lifted.

SANDY, Utah – A branch manager for Granite CU was charged with stealing more than $34,000 from the credit union.

MIAMISBURG, Ohio – State regulators have approved a request from River Valley CU to add 140,000 residents of Clark County to its field of membership.

HONOLULU – Aloha Pacific FCU is expanding its relationship with CO-OP Financial Services to include debit processing and ATM terminal driving services.

SAN JOSE, Calif. – Technology CU said it has been named a “preferred lender” for U.S. Small Business Administration guaranteed loans.

NEW YORK – United Nations FCU announced its longtime president, Michael Connery, Jr., will retire next January as head of the $3.5-billion credit union.

MOON TOWNSHIP, Penn. – A former lead teller for West-Aircomm FCU yesterday was sentenced to two years and three months in prison for making false entries in a bank record in relation to a two-year string of transactions in which she stole $400,000 in cash from the credit union’s ATMs.

WASHINGTON – The average rate for a 30-year home loan was unchanged this week at 3.87%, the lowest level since long-term mortgages began in the 1950s, according to Freddie Mac.