Fresh Today

Fresh Today

DURHAM, N.C. — Coastal Federal Credit Union has signed on as a sponsor of the American Underground, a startup ecosystem, by providing programming, offering insights to entrepreneurs and sponsoring a community conference room.

BIRMINGHAM, Ala./Tallahassee, Fla.—The League of Southeastern Credit Unions & Affiliates said that next year it will allow its member CUs to join the league without being a member of CUNA, after its board voted unanimously to grant credit unions the option.

INDIANAPOLIS – The Indiana Credit Union League has announced the new table officers on its board. Elected were: Chairman: Matt Lambert, Encompass FCU; Vice Chairman: Chuck Donovan, Members Source CU; Board Secretary: Karla Salisbury, KEMBA CU; Treasurer: Dallas Bergl, INOVA FCU.

ALEXANDRIA, Va. –NCUA reported that Wachovia will agree to pay $53 million to resolve the agency’s claims arising from losses related to purchases of the securities by corporate credit unions.

ALEXANDRIA, Va,–Barclay’s Capital has agreed to pay $325 million as part of a settlement with NCUA to resolve claims arising from losses related to purchases of faulty residential mortgage-backed securities by corporate credit unions.