Just as two members of Congress wrote the CEO and board of the $331 million Lafayette Federal Credit Union to ask that its members have more time to contemplate the CU's proposed conversion to a mutual bank, the NCUA approved the credit union's disclosure documents and ballots for the conversion...

NCR, one of the leading manufactures of ATMs in the U.S, has taken the news of the next steps in ATMs on the road in a series of seminars targeted toward credit unions and community banks.

A brand new association designed to promote the interests of the pre-paid card industry has gotten organized and elected its first board of directors.

In a case distinctly similar to one that took place in the wake of the September 11 attacks, the U.S. Attorney for Eastern Louisiana has indicted nine members of the $308 million ASI FCU for stealing almost $90,000 in the wake of Hurricane Katrina.

The members of DFCU Owners United, the group of members of the $1.8 billion DFCU Financial that opposed the CU's attempted conversion to a mutual bank, seeks help from other credit unions in putting pressure on NCUA.

The Department of Defense has asked Congress for additional authority to regulate the practice of payday and other forms of predatory lending directed at members of the armed forces.

The Woodstock Institute, an occasional critic of how well credit unions are serving low-income members has released the first case study from a program which aims to help CUs improve in that area.

The $587 million Nationwide FCU has sent the first round of disclosure documents about its proposed merger with Nationwide Bank to its members. If they approve, the members will agree to effectively sell the credit union for $79 million to the new bank, a roughly 20% premium over the equity...