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NEW LONDON, Conn. – Authorities believe an 82-year-old investment advisor for New London Security FCU may have leaped to his death last July just hours after regulators shuttered the 72-year-old credit union because investigators were closing in on a multi-million dollar embezzlement.
November 23 -
HOUSTON – Shares in Cardtronics continued to plummet last week, all the way to just 65 cents, two weeks after the giant ATM service provider announced continuing losses for its fiscal third quarter.
November 23 -
ORLANDO, Fla. – The head of a check fraud ring that hit numerous area credit unions and banks was sentenced last week to 20 years in prison after pleading guilty to racketeering, grand theft and forgery.
November 23 -
ALEXANDRIA, Va. – NCUA reported Friday it approved two new credit union charters last month, making a total of three new credit unions making their debut.
November 23 -
PURCHASE, N.Y. – Quorum FCU said it has deployed Edcomm Banker’s Academy’s Internet-based compliance learning solution.
November 23 -
SACRAMENTO, Calif. – In an effort to thwart the growing number of robberies in the region The Golden One CU is telling members as they enter a branch to take their hats off, as well as hoods and sunglasses.
November 23 -
DEER PARK, Texas – Shell FCU is offering one young person $1,000 in a holiday raffle as part of its Redo My Room contest.
November 23 -
MANCHESTER, N.H. – America's credit unions mark their 100th anniversary today.
November 23 -
LAS VEGAS – Corporate credit union executives gathered here last week for the regular meeting of the Association of Corporate CUs but were unable to develop a consensus on how to deal with the growing losses–now estimated at upwards of $14 billion–on their mortgage backed securities.
November 23 -
CARSON CITY, Nev. – Faced with growing losses among its credit unions and banks, the state’s Financial Institutions Division said Friday it plans to increase its examiners by 40%, or 10 examiners, and examine each state chartered financial institution at least once every 12 months, and as often as every six months for troubled institutions.
November 23 -
WASHINGTON – The FDIC announced Friday night it was closing three more banks, including once high-flying Downey Savings and Loan, one of the biggest bank failures ever with $13 billion in assets.
November 23 -
ALEXANDRIA, Va. – NCUA reported Friday it approved 26 more mergers, two-thirds of them involving ailing institutions, including one of a troubled auto workers credit union and another involving a Utah credit union with multi-million dollars in losses.
November 23 -
ALEXANDRIA, Va. — Increasing loan losses in the third quarter forced credit unions to pump up reserves and left them barely in the black, the National Credit Union Administration reported Friday.
November 21 -
ORLANDO — Credit unions seeking to boost lending and significantly increase ROA would be wise to do something counterintuitive - significantly slash lending staff, according to one analyst who is reporting robust numbers in credit unions that have done just that.
November 21 -
SYLMAR, Calif. - The three major fires that raged across Southern California were nearly 100% contained at press time, leaving credit unions with the unpleasant task of identifying which members and employees had lost their homes.
November 21 -
ALEXANDRIA, Va.-The National Credit Union Administration (NCUA) last Tuesday posted its list of 26 corporate credit unions that are participating in the agency's Temporary Corporate CU Liquidity Guarantee Program (TCCULGP).
November 21 -
DALLAS-Credit union CEO confidence plummeted last week, according to the quarterly confidence survey conducted by Southwest Corporate FCU, to its lowest in the four years the survey has been conducted.
November 21 -
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ORLANDO, Fla. - Brett Christensen offered these ingredients as necessary for the "recipe" for lending success, but stressed he does not rank them in importance as most credit unions would.
November 21 -
ORLANDO, Fla. - Brett Christensen offered these tips for D and E Lending:
November 21