Eight Lawmakers Write NCUA over Melrose's Treatment of Taxi Medallion Borrowers "Credit News 24"

Crain's New York Business is reporting that eight New York Democratic lawmakers wrote National Credit Union Administration (NCUA) Chairm...

Shreveport FCU Closed, Members and Most Shares and Loans Assumed by Red River Employees FCU "Credit News 24"

The National Credit Union Administration on October 2 liquidated Shreveport Federal Credit Union of Shreveport, Louisiana. Red River Employe...

Two Conserved CUs Have Wiped Out Their Net Worth "Credit News 24"

Riverdale Credit Union (Selma, AL) and Shreveport Federal Credit Union (Shreveport, LA), which were placed into conservatorship during the s...

LOMTO Federal Credit Union Placed into Conservatorship "Credit News 24"

The National Credit Union Administration (NCUA) on June 26th placed LOMTO Federal Credit Union in Woodside, New York, into conservatorship. ...

NCUA Conserves Citizens Community CU "Credit News 24"

The National Credit Union Administration (NCUA) on June 23 placed Citizens Community Credit Union, located in Devils Lake, North Dakota, int...

Riverdale Credit Union Conserved "Credit News 24"

The Alabama Credit Union Administration today placed Riverdale Credit Union, in Selma, into conservatorship and appointed the National Credi...

Group Asks NCUA to Stop Bullying Medallion Owners "Credit News 24"

The Committee for Taxi Safety has requested that the National Credit Union Administration (NCUA) stop its assault on the taxi industry and s...

Georgia's Community United FCU Conserved "Credit News 24"

The National Credit Union Administration (NCUA) placed Community United Federal Credit Union, in Waycross, Georgia, into conservatorship. NC...

Shreveport FCU Placed into Conservatorship "Credit News 24"

The National Credit Union Administration on April 13th placed Shreveport Federal Credit Union, in Shreveport, Louisiana, into conservatorshi...

Outstanding Enforcement Actions Fell in 2017 "Credit News 24"

The National Credit Union Administration (NCUA) in its 2017 Annual Report wrote that the number of enforcement actions has steadily decline...

Additional Thoughts on Melrose "Credit News 24"

While I have commented on Melrose Credit Union's solvency, I have not focused enough attention on Melrose's liquidity position. Duri...

Bad Taxi Medallion Loans Pushes Melrose CU into Conservatorship "Credit News 24"

The New York State Department of Financial Services today took possession of Melrose Credit Union, located in Briarwood, New York, and appoi...