All Entries in the "Business" Category
Kappa Alpha Psi Credit Union appeals anew for industry backing
Source Management of the tiny Kappa Alpha Psi Federal Credit Union of Dallas, now under an NCUA liquidation order being challenged in a Washington federal court, ratcheted up their appeals for industry support comparing the litigation to a landmark civil rights decision. “We hope the entire credit union movement can now pull together and stand [...]
NCUA Liquidates Kappa Alpha Psi FCU despite week of claims, counterclaims
Source Despite ongoing federal court proceedings addressing its actions, the NCUA has moved forward with the liquidation of the $780,000 Kappa Alpha Psi Federal Credit Union. “Whenever we liquidate a credit union, we are mindful of the responsibility to return funds to members in an expeditious manner,” wrote John McKechnie, NCUA director of public and [...]
Faith Leaders raise $1.4 million For D.C. King Memorial
Source From June 17-18, seventeen of the nation’s most influential ministers launched the Faith Based Countdown to Completion campaign to raise the remaining $13 million for the Washington, DC Martin Luther King Jr. National Memorial in Washington. The ministers jointly responsible for having raised $2 million for the memorial are challenging other ministers nationwide to [...]
Federation hopes KAPFCU persists in its case
Source Comparing the NCUA’s actions to the children’s story Alice in Wonderland, the National Federation of Community Development Credit Unions hopes backers of Kappa Alpha Psi FCU persist in their case against the agency. “We hope that they do decide to have their day in court, and that the judge has the opportunity to offer [...]
Kappa Alpha Psi Credit Union Blocks NCUA Liquidation
Source The nation’s first online-only credit union is fighting regulators who say it must close — and blaming them for its financial woes. On Tuesday a federal court will hear a plea by Kappa Alpha Psi Federal Credit Union to block an Aug. 3 liquidation order by the National Credit Union Administration. The Texas credit [...]
NCUA liquidates Kappa Alpha Psi Federal Credit Union
Source Saying that it is “minimally capitalized and there are no reasonable prospects for the credit union to achieve adequate capitalization,” the NCUA today announced it was liquidating Kappa Alpha Psi FCU. The Addison, Texas-based credit union, which had $779,854 in assets as of March 31, saw its loan income decline by 49.1% in the [...]
Zeta Sorors launch House of Zèle, online accessory store
Two members of Zeta Phi Beta Sorority, Inc are proud to announce the launch of House of Zèle (pronounced zεl), an online accessory store catering to the needs of professional women of Zeta Phi Beta Sorority, Inc. House of Zèle, the brainchild of Iyesha Turner and Deanne Moore, members since 2008 and 1990 respectively, was [...]
Stuff4GREEKS Donates $1000 to College Step Teams
stuff4GREEKS.com, a company most widely known for designing elaborate fraternity and sorority apparel, co-sponsored the 2010 Atlanta Greek Picnic Stroll Competition held on Saturday, June 19th at Morris Brown College. The winning teams of the stroll competition – a group of men representing Alpha Phi Alpha Fraternity, Inc from the University of South Florida, and [...]
Trinity Designs, Inc launches massive follow-up campaign for collectible sorority doll
Trinity Designs, Inc. may be the new kid on the block in the design, manufacture and distribution of collectible dolls, but this neophyte continues on its course for unprecedented success after its successful Spring 2009 debut in Chicago and Atlanta. Trinity Designs, Inc. has tapped into the collectible doll market, creating ethnically inspired collectible fashion [...]
Virginia State business school renamed after late Kappa Frater Reginald Lewis
Source Following the award of the largest financial gift to Virginia State University in the school’s 128-year history, the Ettrick institution’s business school will bear the name of a graduate who went on to become one of the world’s leading African American entrepreneurs. The Reginald F. Lewis Foundation on Tuesday presented VSU’s Board of Visitors [...]
