Sweitzer Named SVP at CUNA Mutual Group

David Sweitzer was named senior vice president of wealth management for CUNA Mutual Group, the Madison, Wis.-based organization said Thursday. He succeeded Jeff Bosco who left CMG after five years of service. The organization did not say why Bosco left. Sweitzer...

NCUA Asks that Bankers’ MBL Be Dismissed

The NCUA has asked a federal judge to dismiss the lawsuit filed by bankers challenging the agency’s Member Business Loan rules, contending, among other things, that the bankers cannot prove they are damaged by the plan. In the suit, the NCUA argues that the...

NCUA to Bankers: Drop the MBL Suit

The NCUA has asked a federal judge to dismiss the lawsuit filed by bankers challenging the agency’s Member Business Loan rules, contending, among other things, that the bankers cannot prove they are damaged by the plan. In the suit, the NCUA argues that the...

Fintech Alliances Could Help Credit Unions

Several financial technology organizations announced partnerships and alliances that could help credit unions looking for upgrades and changes in online bill payments, and endpoint protection and real-time mobile payment security. Rancho Cucamonga, Calif. based CO-OP...

Criminal Charges Filed Against Former CU Employee

A former assistant manager of the $13 million Harrison District No. 2 Federal Credit Union was accused of allegedly embezzling $78,000 from the Colorado Springs-based cooperative for more than seven years, according to a local media report. The Colorado Springs...

NCUA Recovers $3 Million From Nomura

Nomura Asset Acceptance Corporation and Nomura Home Equity Loan, Inc. have agreed to pay more than $3 million to settle claims with the NCUA in connection with the sale of faulty residential mortgage-backed securities to two corporate credit unions, according to the...