Fresh Today

Fresh Today

CLARKSTON, Mich.—The troubled Clarkston Brandon Community CU, conserved by state regulators in January after former CFO Michael LaJoice allegedly admitted to stealing more than $20 million from the organization, has merged into Michigan State University FCU, NCUA announced Friday.

ALEXANDRIA, Va.—NCUA Thursday announced that it has accepted a $29-million offer of judgment from Credit Suisse to resolve claims arising from losses related to purchases of residential mortgage-backed securities by Members United and Southwest corporate credit unions.

WASHINGTON – Contrary to the perception that the pace of mergers has been increasing, the number of CUs lost to merger in 2015 actually declined, according to new data released by Callahan & Associates.

ALEXANDRIA, Va.—By a 3-0 vote, the NCUA board Thursday approved adding two temporary positions to lead the agency’s Enterprise Solutions Modernization Program (ESMP), which ultimately should lead to shorter on-site exams and contribute to a longer exam cycle, according to the agency.