Court awards substantial interest payment atop judgment for NCUA

NCUA recently settled on a $29 million offer of judgment from Credit Suisse as partial recompense for poorly funded residential mortgage-backed securities purchased by two failed corporate credit unions — Members United and Southwest Corporate Credit Unions. On top of that agreement, a court added $21.3 million in prejudgment interest. The Swiss banking institution also will be […]

Print Office Depot/Office Max Store Purchasing Card for savings

Take advantage of the savings through the Office Depot/Office Max Store Purchasing Card. This card allows access to more than 1,000 Office Depot/Office Max stores. Whether it is used by your credit union, credit union staff, or members, using the store purchasing card provides savings through national collaborative buying power. Show this card when checking […]

CFPB has resources to prevent elder abuse

Elder abuse is very common in the United States. Research shows that 17 percent of abuse in Americans over the age of 65 is financial exploitation. Studies show that only one in 44 cases is ever reported. The Consumer Financial Protection Bureau (CFPB) posted new resources to its blog this month to help credit unions […]