Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NCUA issues CandD order to Phillys Borinquen FCU
ALEXANDRIA, Va. (6/8/11)—Borinquen FCU of Philadelphia has agreed to a National Credit Union Administration (NCUA)-issued cease and desist order. The NCUA notice, which was released to the public by the agency on Tuesday, orders the 8,600 member, Philadelphia, Penn.-based credit union to:
* Obtain an opinion audit and member account verifications from a certified public accountant; * Reconcile its cash and bank accounts; and * Establish a Bank Secrecy Act compliance program by June 30.
The NCUA noted that the credit union has had “serious and persistent record keeping problems” and had failed to perform yearly audits. For an NCUA release on the order, use the resource link.
Other Resources

RSS print
News Now LiveWire
FHFA today announced it's extending comment deadline for guarantee fees Fannie, Freddie charge lenders to Sept. 8.
12 hours ago
The 2014 @CUwomen Forum was held in Gold Coast, Australia yesterday during @WOCCU 's World CU Conference.
15 hours ago
.@CFPB obtains $92M in debt relief from Colfax Capital Corp. http://t.co/QPZAeCAcy2 See also: http://t.co/Kjf4HHkINW
16 hours ago
Julian Castro was sworn in as 16th secretary of @HUDgov Dept. of Housing and Urban Development Mon.
16 hours ago
.@CUNA's Chief Economist @SchenkMike talks consumer confidence--at highest levels since 2007 w/ @TheStreet @JoeDeaux http://t.co/JyoYQmhAxc
16 hours ago