NCUA Files Suit Against Wells Fargo

The NCUA is suing Wells Fargo, alleging they violated state and federal securities laws and misrepresented the sale of securities to the now-defunct U.S. Central Federal Credit Union and Western Corporate Federal Credit Union.

IRS Contacting Individual Credit Unions Regarding Tax Exemption

Due to paperwork and recordkeeping issues, credit unions in a number of states have received letters from the IRS stating that they are no longer tax exempt. Included here is an explanation of the situation, as well as recommended responses for affected credit unions.

CEOs from Catalyst, SunCorp and FirstCorp Expected to Court Northwest Credit Unions Looking for Alternatives to WesCorp

Many Northwest credit unions may need alternative services after Western Bridge failed to meet Wednesday’s deadline to re-capitalize as United Resources Corporate Credit Union. Established corporate credit unions and other service providers will pitch their services at the NWCUA’s Convention.