News

The Federal Reserve Board, moving quickly this week to fill slots on its newly-formed Community Depository Institutions Advisory Councils, has made two more appointments of credit union CEOs.

Southeast Corporate Federal Credit Union yesterday announced it had held its seventh and final town hall meeting for members, with sessions held throughout Mississippi and Florida.

With the sale of new cars experiencing a 25% increase in January, credit unions are gearing up to assist members in a still highly competitive market.

First Carolina Corporate Credit Union announced today that it is now going to members to raise $60 - $75 million in Perpetual Contributed Capital, a "mandatory" onetime requirement.

The NCUA-conserved Arrowhead Central Credit Union. said this week its interim CEO, Kay Woods, who has been credited with protecting the $671 million CU following its June collapse, is stepping down.

The $1.4 billion Polish and Slavic Federal Credit Union, headquartered in New York, is continuing its expansion into the greater Chicago area.

The Golden 1 reported that it distributed $3.75 million in rebates to members that held its Visa credit card.

Small businesses facing maturity of commercial mortgages or balloon payments before Dec. 31, 2012, may be able to refinance their mortgage debt with a 504 loan from the SBA under a new, temporary program.