NCUA to Close Two Regional Offices in Larger Reorg Plan

The NCUA on Friday announced the closing of its Albany, N.Y. and Atlanta, Ga. field offices as part of a larger reorganization of the agency. In announcing the plans, the NCUA said that improved efficiency, responsiveness and cost-effectiveness are the goals of the...

Securian Financial Forms Joint Venture with CU Direct

A company that sells insurance and financial services to credit unions has bought a 30% stake in a CU Direct subsidiary that offers similar services. Allied Solutions, based in Carmel, Ind., is buying a stake in CU Direct’s Vero LLC subsidiary, which sells...

Utilities Employees CU & ClearChoice FCU Announce Merger

On Thursday, Utilities Employees Credit Union and ClearChoice Federal Credit Union announced an agreement to merge after unanimous approval by both boards. Utilities Employees Credit Union is a $1.2 billion financial institution that serves 45,000 members nationwide...

NCUA Board Seeks Comment on Closing Stabilization Fund

The NCUA board on Thursday agreed to seek comments on a plan to close the Temporary Corporate Credit Union Stabilization Fund at the end of September—a move that eventually could result in a Share Insurance Fund distribution to federally insured credit unions of...

Sunmark FCU Recognized for IT Excellence

Latham, N.Y.-based $540 million Sunmark Federal Credit Union announced its selection of a 2017 CIO 100 award, which recognizes the creation of business value through the effective and innovative IT use. Each year, CIO identifies and honors 100 organizations worldwide...