California, North Carolina Credit Unions Merge

The $7.9 million Family Federal Credit Union in Wilmington, Calif. said Tuesday it completed its merger into the $665 million Self-Help Federal Credit Union headquartered in Durham, N.C. on Sept. 1. Family FCU members approved the consolidation last month....

Financial Indicators Positive for Credit Unions

While most financial indicators provided good news for credit unions, membership in small credit unions continued to drop during the second quarter of the year, NCUA said Wednesday. Nationally, median loan growth in federally insured credit unions was 4.3% during the...

House Financial Committee Update: CU Edition

CU Times Executive Editor Michael Ogden and Washington, D.C. correspondent David Baumann discuss the latest development regarding the House Financial Services Committee approving H.R. 5983, Chairman Jeb Hensarling’s (R-Texas) plan to overhaul the Dodd-Frank...

Fraud Ring Hits Credit Unions and Banks

Six credit unions, a corporate credit union and 20 banks throughout the nation were victimized by a fraud ring that operated out of a Massachusetts apartment.  Charles Washington of Dorchester, and an unknown number of co-conspirators obtained account numbers and...