News

Alabama's top credit union regulator accused the former management of the failed $193 million Mutual Savings Credit Union of Birmingham of misrepresenting loan loss and other data in the Alabama Credit Union Administration's July 31 seizure.

A greater percentage of Americans were in poverty last year and more lost their insurance coverage last year because if the recession, according to data released yesterday by the Census Bureau.

The federal government continued to run up substantial deficits last month though they were less than projected, the Treasury Department reported today.

Open Solutions Inc. is now offering users of its flagship core technology systems a two-factor authentication system for use at the teller line.

CommunityAmerica Credit Union is now using a new data-loss prevention appliance to sniff out potential trouble from inside and out.

The Community Development Credit Union Institute, a school for training CDCU leaders that is sponsored by the National Federation of Community Development Credit Unions, is celebrating its tenth anniversary this year.

The hard times in Nevada continued this week to take a financial toll on the state's credit unions with more layoffs and one CU, Cumorah of Las Vegas, reportedly shutting four of its eight branches and slicing its employment rolls nearly in half.

PRIMEVEST Financial Services and Pen Air Federal Credit Union have signed a three-year brokerage services contract.