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Credit Union Philosophy, Membership, and Services

NCUA Closed Ensign Federal Credit Union on November 13th - November 16, 2009The National Credit Union Administration (NCUA) closed Ensign Federal Credit Union of Henderson, Nevada, on November 13, 2009 and authorized the purchase and assumption (P&A) of member share accounts ...
Credit Union Credit Card Rates Average 20 Percent Lower Than Banks - November 04, 2009As if you needed another reason to join a credit union, a report from the Pew Charitable Trusts says that credit unions offered significantly lower advertised rates compared to bank credit cards, with...
NCUA Takes Over Second Baptist Church Credit Union - October 29, 2009The National Credit Union Administration was appointed liquidating agent of the Second Baptist Church Credit Union of Los Angeles by the California Department of Financial Institutions on October 28, ...
NCUA Took Over First Delta Federal Credit Union on October 23rd - October 23, 2009The National Credit Union Administration assumed control of operations at First Delta Federal Credit Union of Marks, Mississippi. The National Credit Union Administration’s goal is to continue credi...
Join Us in Celebrating International Credit Union Day! - October 14, 2009Did you know that 186 million people worldwide choose credit unions? There are currently about 53,000 credit unions in 97 countries. Credit union members around the world join together to celebrate...
Two Credit Unions Taken Over by NCUA This Week - October 01, 2009Members of West Texas Credit Union of El Paso, Texas and The Members’ Own Federal Credit Union of Victorville, California are now being serviced by other credit unions after both credit unions'...
NCUA Takes Over Clearstar Financial Credit Union on September 25th - September 26, 2009The National Credit Union Administration (NCUA) became the liquidating agent of Clearstar Financial Credit Union, in Reno Nevada, following the Nevada Division of Financial Institution’s decision to...
Keys Federal Credit Union Taken Over by NCUA on September 24th - September 25, 2009Keys Federal Credit Union of Key West, Florida has been placed into conservatorship by the National Credit Union Administration (NCUA) on September 24, 2009. NCUA plans to continue credit union operat...
Comunidades Federal Credit Union Closed by NCUA on September 22nd - September 23, 2009Another credit union has been closed by the National Credit Union Administration (NCUA). Comunidades Federal Credit Union of Los Angeles, California, was closed on Tuesday, September 22 with assumptio...
How to File a Formal Complaint Against a Credit Union - September 16, 2009While most credit union members love their credit unions and remain loyal members for life, there are times when a member may feel that a credit union has not treated them as required by federal and s...
Credit Union Mergers: Is Bigger Better For Credit Union Members? - September 09, 2009The number of credit unions is shrinking, but the number of members served is steadily on the rise. It's a long-term trend that may see an up tick due to a bumpy economic recovery. Forty years...
Kaiser Lakeside Credit Union Closed on August 31st - September 01, 2009The second credit union in less than a week was closed on August 31, 2009. The National Credit Union Administration (NCUA) was appointed liquidating agent of Kaiser Lakeside Credit Union of Oakland, C...
Free Choice Federal Credit Union Closed on Friday - August 28, 2009Free Choice Federal Credit Union, located in Feasterville, Pennsylvania, was closed by the National Credit Union Administration (NCUA) on Friday, August 28, 2009. Prior to closing, the credit union se...
NCUA Closes Credit Union in Nevada - August 12, 2009The National Credit Union Administration (NCUA) closed Community One Federal Credit Union of Las Vegas, Nevada, on Tuesday, August 11, 2009 and authorized the purchase and assumption (P&A) of its asse...
New Hope Community Development FCU Taken Over by NCUA - July 23, 2009New Hope Community Development Federal Credit Union in Birmingham, Alabama, a federally chartered and federally insured credit union had its operations taken over by the National Credit Union Administ...
Considering Buying a Boat For Summer Fun? - July 08, 2009Is this the summer you'll spend on the water? Dreaming of a ski boat or skiff, bass boat, or buccaneer? Not sure exactly what you're looking for? Start by doing your homework. Visit with boat ...
Watts United Credit Union of Los Angeles, California Closed by NCUA - July 07, 2009The National Credit Union Administration (NCUA) accepted appointment as the liquidating agent of Watts United Credit Union of Los Angeles, California, following the decision of the California Departme...
New Consumer Protection Office Proposed by NCUA - June 30, 2009National Credit Union Administration (NCUA) Chairman Michael E. Fryzel announced that he will propose the creation of an NCUA Consumer Protection Office in the 2010 Agency Budget. “The new office...
Federal Credit Unions Turn 75 Years Old - June 26, 2009The Federal Credit Union Act was enacted on June 26, 1934. The purpose of the law was to make credit available and promote thrift through a national system of non-profit, cooperative credit unions. Th...
Alaska USA FCU Now Serving High Desert FCU Members - June 19, 2009Alaska USA Federal Credit Union, headquartered in Anchorage, Alaska, will begin providing High Desert members with uninterrupted credit union service. The National Credit Union Administration (NCUA) a...
Obama Announces Financial Regulation Reform - June 17, 2009President Obama laid out a comprehensive regulatory reform plan today to modernize and protect the integrity of our financial system. While this crisis has had many causes, the administration says the...
Federal Credit Union Insurance Extension - June 10, 2009Just in case you missed one of the important new laws affecting credit union members this year, insurance protection for credit union members at federally insured credit unions was extended. Presid...
Credit Union Interest Rates Are The Best Option For Consumers - June 03, 2009Recent data from this past March shows that another reason to belong to your local credit union is for the better interest rates. Whether you are saving or borrowing money, credit unions offer better ...
Credit Union Membership and Savings Up - May 28, 2009Credit Unions members continue to seek the safe haven of federally insured credit unions, as member share accounts grew across the board by annualized double digits in the first quarter of 2009, while...
Congress Passes Helping Families Save Their Homes Act of 2009 - May 20, 2009The House and Senate have passed the Helping Families Save Their Homes Act of 2009. The newly-passed bill includes provisions for housing and financial services. The bill passed the U.S. Senate on Ma...
Chief Financial Federal Credit Union Assumes Assets of Rouge ECU - May 16, 2009The National Credit Union Administration was appointed liquidating agent of Rouge Employees Credit Union in Dearborn by the Michigan Office of Financial & Insurance Regulation on Friday, May 15, 2009....
Eastern Financial Florida Credit Union Placed In Conservatorship - April 17, 2009Eastern Financial Florida Credit Union is Open and Operating; Member Accounts are Safe and Federally Insured. The National Credit Union Administration (NCUA) assumed control of the operations of Easte...
Credit Union Deposits Are Safe - April 12, 2009NCUA insures accounts in credit unions through the National Credit Union Share Insurance Fund (Share Insurance Fund). Congress established the Share Insurance Fund in 1970 to insure member’s sh...
Stay Safe When You Use ATMs - April 06, 2009Since they began appearing in the early 1980s, ATMs have become a routine part of our financial lives. But don't let familiarity breed complacency about protecting yourself. Here are some do's...
Credit Union Membership is All in The Family - March 25, 2009Let your family in on a good thing: Membership in the credit union. If you are a primary member of a credit union, members of your immediate family are eligible to join. It's a perfect way to teac...
A Few Clicks Saves Postage And Late Fees - March 24, 2009If you're still tracking down your checkbook, searching for stamps and envelopes, then rushing off to the post office to pay your bills on time, you're missing out on one of life's greates...
An Invitation To Join a Credit Union - March 23, 2009Your credit union has been your financial friend for years. Now it is time for you to invite your family members to join your Credit Union. Let them know that belonging to your Credit Union saves the...
Co-signing Loans: Use Caution - October 20, 2008If you have children and/or grandchildren, chances are that they may ask you to co-sign a loan for them. A co-signed loan is required in instances where borrowers may be on the "border" in ter...
International Credit Union Day - October 16, 2008Who owns your credit union? You do! As not-for-profit, democratically controlled, member-owned cooperatives, credit unions exist to serve their members. This year's International Credit Union Day ...
The Green Party and the Credit Union Philosophy - September 24, 2008Credit Unions Online recently was able to interview Laura Wells with the Green Party, a Past Candidate for California State Controller, 2002 and 2006 (Full article »
Credit Union Interest Rates Are Better for Consumers - August 11, 2008Just one reason to belong to a credit union is for the better interest rates. Whether you are saving or borrowing money, credit unions offer better rates, on average, than for-profit financial institu...
Credit Unions Are Strong - August 04, 2008While small and large banks have been taken over by U.S. regulators over the past year, Credit Unions are still strong. Credit Unions are not dependent on the capital markets for loan funding. Credi...

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