A former Mississippi credit union executive has been hit with a federal lawsuit accusing her of misappropriating $95 million from her financial institution, which she allegedly used on real estate purchases and luxury items. WAPT.com reports the lawsuit filed by the...
The U.S. Department of Justice (DOJ) announced its first redlining settlement with a credit union in its $6.5 million agreement with the $6 billion-assets Citadel Federal Credit Union. The DOJ alleged that Citadel failed to provide mortgage lending services to...
A historic property in Cheshire, Connecticut, that was built during the colonial era will begin its next chapter as a credit union’s lending office. The Hartford Business Journal reported Sound Federal Credit Union of Norwalk, Connecticut, acquired the property for...
The Mortgage Bankers Association, through its MBA Education division, presented Navy Federal Credit Union with its inaugural Residential Educator of the Year Award during the trade group’s 2023 Annual Convention & Expo in Philadelphia. Now celebrating its 90th...
Teachers Federal Credit Union, one of the nation’s largest credit unions with $9.7 billion assets and more than 460,000 members in all 50 states, has begun offering VA loans for active-duty military, veterans, and surviving spouses. “It is our honor to serve...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
