CLARKSTON, Mich.—The troubled Clarkston Brandon Community CU, conserved by state regulators in January after former CFO Michael LaJoice allegedly admitted to stealing more than $20 million from the organization, has merged into Michigan State University FCU, NCUA announced Friday.
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ANCHORAGE, Alaska–Denali Federal Credit Union has been selected as the winner of a $250,000 package of services from apogee IQ.
ALEXANDRIA, Va.—NCUA Thursday announced that it has accepted a $29-million offer of judgment from Credit Suisse to resolve claims arising from losses related to purchases of residential mortgage-backed securities by Members United and Southwest corporate credit unions.
WASHINGTON – Contrary to the perception that the pace of mergers has been increasing, the number of CUs lost to merger in 2015 actually declined, according to new data released by Callahan & Associates.
ALEXANDRIA, Va.—By a 3-0 vote, the NCUA board Thursday approved adding two temporary positions to lead the agency’s Enterprise Solutions Modernization Program (ESMP), which ultimately should lead to shorter on-site exams and contribute to a longer exam cycle, according to the agency.
ALEXANDRIA, Va.—By a 3-0 vote, the NCUA board Thursday approved an amendment to the agency’s investments rule that allows federal credit unions to select from a much larger pool of possible bank note offerings.
ALEXANDRIA, Va.—The Corporate Stabilization Fund received a clean audit for a seventh consecutive year, leading NCUA to confirm that no more assessment are coming—and to again address the possibility of a rebate.
WASHINGTON–Mortgage applications decreased 3.3% week over week in the latest data released by the Mortgage Bankers Association. The slowdown came even as loan rates decreased on all loan types at the same time, the MBA said.
GREENVILLE, S.C—MTC Federal Credit Union said it is paying a $1,000,000 “Relationship Dividend” to its members.
WASHINGTON—The CFPB has issued an advisory and a report with recommendations for banks and credit unions on how to prevent, recognize, report, and respond to financial exploitation of older Americans.