News

Two N.J. Credit Unions Work to Provide Aid to Members Affected By Hurricane Irene 

Posted by Marissa Anema Wednesday, September 07, 2011 11:20:00 AM
EDISON and TINTON FALLS, N.J. - Even with several powerless days and numerous area road closures, both Pinnacle FCU and United Teletech FCU found ways to get up and running to aid members affected by ... read more
 

Gentile to Credit Union Times: NCUA's Legal Fight Requires Agency Transparency 

Posted by Marissa Anema Wednesday, September 07, 2011 11:19:00 AM
In a letter to the editor published in the Credit Union Times this week, New Jersey Credit Union League President/CEO Paul Gentile takes on NCUA's legal action against Goldman Sachs for $491 million... read more
 

Federal Reserve Announces Enforcement Action Against Goldman Sachs 

Posted by Marissa Anema Tuesday, September 06, 2011 11:21:00 AM
The Federal Reserve Board (Fed) announced last week a formal enforcement action against the Goldman Sachs Group, Inc. and Goldman Sachs Bank USA to address a pattern of misconduct and negligence... read more
 

U.S. Sues Major Banks Over Fannie, Freddie Losses 

Posted by Marissa Anema Tuesday, September 06, 2011 11:20:00 AM
On Friday, the Federal Housing Finance Agency (FHFA), the federal agency that oversees Fannie Mae and Freddie Mac filed lawsuits against numerous big banks, claiming they sold nearly... read more
 

NJCUL Offers First Look at 2nd Quarter 2011 New Jersey Credit Union Statistics 

Posted by Marissa Anema Friday, September 02, 2011 11:20:00 AM
HIGHTSTOWN, N.J. - NJCUL has been offering member credit unions summaries of New Jersey credit union quarterly statistics compiled by CUNA. The preliminary statistics for second quarter 2011 are now... read more
 

NCUA Offers Guidance on Emergency Financial Services for Disaster Victims in Wake of Hurricane 

Posted by Marissa Anema Thursday, September 01, 2011 11:12:00 AM
ALEXANDRIA, Va. - NCUA in a letter to credit unions (11-CU-13) provides guidance regarding the services federal credit unions may offer to those experiencing financial emergencies due to Hurricane... read more
 

Some N.J. CUs Still Disrupted by Irene; Fully Functional CUs Offer Help 

Posted by Marissa Anema Wednesday, August 31, 2011 11:15:00 AM
HIGHTSTOWN, N.J. - As the League made calls to credit unions across the state assessing the damages sustained by Hurricane Irene over the weekend, we learned that some New Jersey credit unions are... read more
 

CUAid Activated for Credit Unions Affected by Hurricane Irene 

Posted by Marissa Anema Wednesday, August 31, 2011 10:36:00 AM
MADISON, Wis. - The National Credit Union Foundation (NCUF) has activated the online disaster relief system CUAid.coop to raise money for credit union people along the East Coast affected by... read more
 

League Assessing Hurricane Damage to CUs, Assistance is Available 

Posted by Marissa Anema Tuesday, August 30, 2011 1:10:00 PM
HIGHTSTOWN, N.J. - The New Jersey Credit Union League has been calling New Jersey credit unions over the past two days to assess the damages due to Hurricane Irene. So far, the League has learned of... read more
 

NCUA Votes to Assess 25bp for Corporate CU Fund, Summary of Board Meeting Available on League Site 

Posted by Marissa Anema Tuesday, August 30, 2011 1:00:00 PM
ALEXANDRIA, Va. - On Monday, the NCUA Board voted that credit unions will be assessed 25 basis points (bp) of their total insured shares to help cover corporate credit union stabilization costs. The... read more
 
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