All Entries in the "Kappa Alpha Psi Fraternity, Inc." Category
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 [...]
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 [...]
Omaha Kappas adopt Kellom Elementary School
Source A group of college students in the Omaha area isn’t sitting around waiting for academic achievement to improve among the city’s African-American boys. Members of the historically black fraternity Kappa Alpha Psi are working to make the change happen. In a ceremony designed to make an impression on the students at Kellom Elementary at [...]
Kappa Frater James Williams joins TD Bank as Store Manager in Audubon, Penn.
TD Bank, America’s Most Convenient Bank, has named James C. Williams the Store Manager of its store located at 2798 Egypt Rd. in Audubon, Penn. An Assistant Vice President, he is responsible for new business development, consumer and business lending, and managing personnel and day-to-day operations at the store serving customers throughout the area. Williams [...]
Kappa Alpha Psi initiates prominent civil rights advocates
Kappa is proud to announce the initiation of Benjamin T. Jealous, President & CEO of the NAACP; and Wade J. Henderson, President & CEO of the Leadership Conference on Civil and Human Rights. Brothers Jealous and Henderson were initiated through the Washington, DC Alumni Chapter on July 31st. They are considered two of the most [...]
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 [...]
Kappa Frater Jeffrey Cleveland named CEO of Greater Phoenix Black Chamber of Commerce
Source After a three month search, the Greater Phoenix Black Chamber of Commerce has chosen Jeffrey C. Cleveland as its seventh president and CEO. Cleveland is active in the Valley community and was the associate director of business development for Northcentral University, which provides doctoral, master’s and bachelor’s degrees for adult learners. He is a graduate [...]
All-Greek Picnic promotes sorority, fraternity togetherness
Source The Gary Inter-Greek Council believes in events that foster closeness among the nine historically black Greek-letter groups under its umbrella. One of the most popular ways to promote unity is the annual All-Greek Picnic; the latest one was Saturday at Lake Etta County Park in Gary. “The picnic has been going on for six [...]
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 [...]
Kappa Frater, Lorenzen Wright of the Cleveland Cavaliers found dead in Memphis
Source As Commercial Appeal is reports, Wright died of a gun shot wound that may have been self-inflicted according to earlier reports. Wright was reported missing by his family to the Memphis Police Department after he did not show up for an organized function over the weekend. Wright played two seasons at the University of Memphis before [...]
