Ed Roberts

NCUA shuttered I.C.E. FCU, a $3.4-million Inglewood, Calif., credit union and the third failure of 2013.

Senate Republicans said they will continue to block a vote on President Obama’s choice to head the Consumer Financial Protection Bureau until the president agrees to change the structure of the fledgling agency.

The Senate Banking Committee scheduled a hearing for next Tuesday on the appointment of Richard Cordray to a full term as director of the Consumer Financial Protection Bureau.

Consumer Financial Protection Bureau director Richard Cordray told attendees to CUNA’s Government Affairs Conference that credit unions are not the target of the new consumer cop on the block.

GTE Financial has become one of a handful of credit unions to offer its members the HarmonyLoan.

The National Credit Union Administration board has approved a new definition of “small credit union” that exempts another 2,400 CUs from risk-based capital and interest-rate risk rules.

NCUA has opened a new battle with Wall Street by filing a new suit over the sale of faulty mortgage-backed securities to the failed corporates.

Pentagon Federal Credit Union said its PenFed Realty unit has agreed to acquire Prudential Dinning-Beard Realtors.

The National Credit Union Administration has filed suit against UBS Securities claiming securities fraud in the sale of $1.1 billion of MBS.

In a request for a protective order filed with the U.S. District Court for the Central District of California NCUA claims the depositions of the three senior NCUA officials should be barred.

One of two WesCorp executives still fighting NCUA civil charges over the 2009 collapse of the corporate credit union giant has called for testimony from senior NCUA executives.

Navy Federal Credit Union is originating 3/5 and 5/5 conforming and jumbo adjustable-rate mortgages for as low as 2.875%.

Navy Federal Credit Union unveiled two new ARM products: a 3/5 and 5/5 conforming (or jumbo) loan with start rates as low as 2.875% (2.943% APR).

Technology Credit Union is offering pre-approvals for home loans and a “quick close” guarantee for those who qualify.

The National Credit Union Administration has barred the former CEOs of U.S. Central FCU and Members United Corporate FCU from working for, or with any corporate credit union for their roles in two of the biggest credit union failures.

A state appeals court affirmed a lower court ruling allowing NCUA to foreclose on 17 homes funded by the failed Michigan credit union Huron River Area FCU in two South Florida developments financed through a get-rich-quick scheme known as "Millionaire University."

A former police officer and his wife began trial yesterday for allegedly causing some $210,000 of damages to their $1 million house after their credit union, San Diego Metropolitan CU, foreclosed on them two years ago.

Consumers Credit Union, Kalamazoo, Mich., is introducing a program offering home buyer assistance grants of up to $7,500 for qualifying first-time buyers.

Credit unions could be hurt by a proposal that would allow Fannie Mae and Freddie Mac to write down the principal on millions of underwater mortgages, industry leaders warned this week.

Alloya Corporate Federal Credit Union of Warrenville, Ill., the survivor of what was once Members United Corporate FCU, said it has signed a letter of intent to combine with Central Corporate Credit Union of Michigan, creating the nation's largest corporate with almost $5 billion in assets.