Overwhelming Majority of CUs that Received Section 208 Assistance No Longer Active "Credit News 24"

The National Credit Union Administration (NCUA) reported that an overwhelming number of credit unions that received Section 208 assistance e...

NCUA Proposes Controversial Voluntary Merger Regulation "Credit News 24"

The National Credit Union Administration (NCUA) is in the process of amending its regulations that govern a voluntary merger of a federal cr...

Bad Taxi Medallion Loans and New York Credit Union Merger "Credit News 24"

Credit Union Times is reporting that potential losses from taxi medallion loans played a role in the merger of Northwell Health Federal Cred...

PenFed on Merger Spree "Credit News 24"

Since November 1, 2015, Alexandria,VA-based Pentagon Federal Credit Union (PenFed) has been on a merger binge. PenFed has completed 8 merger...

Merger Creates $2.8 Billion Credit Union "Credit News 24"

California Credit Union (Glendale, CA) and North Island Credit Union (San Diego, CA) announced that their merger has received regulatory app...

Emergency Mergers and Hybrid Common Bonds "Credit News 24"

The Federal Credit Union Act recognizes three types of federal credit union charters — single common bond, multiple common bond, and communi...

Association Provides Backdoor to Navy FCU Membership "Credit News 24"

DepositAccounts.com is reporting that anyone can become a member of Navy Federal Credit Union (Vienna, VA), the country's largest credi...