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Self-Help FCU Purchases $141 Million in Mortgages
The Hinsdale Bank & Trust Company in Hinsdale, Ill., accepted Second Federal's depositors and roughly $14 million in assets, mostly cash.
Anonymous protests planned over government surveillance
Hacker collective Anonymous is planning worldwide protests against government surveillance systems. Monday's targets include TrapWire and INDECT, which the shadowy group says track and profile citizens.
Hurricane Sandy: Business Interruption Claims Looming
Business interruption and contingent business interruption claims loom as a large issue following 'Superstorm' Sandy, as thousands of businesses of all sizes deal with flooding, physical damage, power outages, government orders and supply chain ...
Hurricane Sandy: Municipal Credit Union Hit by Complaints
“I'm a member and I'm stuck on Staten Island with no gas and no money due to MCU not crediting my account with a pension payment for direct deposit,” said a furious Municipal Credit Union Member Natasha Godby.
NCUA: Number of Credit Unions Decrease, but Q3 Financial Numbers Improve
Third-quarter Call Report information released Thursday by the NCUA shows that while the number of credit unions continues to fall, the financial condition of those remaining continues to improve.
Xceed Financial to Take In Safeway LAFCU
Members of the financially troubled Safeway Los Angeles Federal Credit Union in Norwalk, Calif., decided this week to merge with the $746 million Xceed Financial Credit Union in El Segundo, Calif.
CEFCU Slapped With Patent Suit
Citizens Equity First Credit Union of Peoria, Ill., has been slapped with a lawsuit over an alleged infringement of so-called “Remote Limit Setting Information”, aka the 793 patent.
UNFCU Names William Predmore to Succeed CEO Michael Connery
The 99,000-member, $3.7 billion United Nations Federal Credit Union has promoted a new CEO from inside its own ranks, the credit union has announced.
Two More Mergers Await Final Approval in California
Four more California credit unions are waiting for merger approvals from the state's Department of Financial Institutions. In October, the $142 million Community First Credit Union in Santa Rosa, Calif.
Hurricane Sandy: MCU's Direct Deposit Debacle Continues, 14000 Members Hit
As millions of New Yorkers continued Monday to struggle to recover from Hurricane Sandy's devastation, members of the $1.8 billion Municipal Credit Union have had to contend with another problem - no cash and no funds in their accounts to pay their bills.