Credit Union Times Magazine September-17, 2008

News

Front Page News

  • Trades, CUs Hope for Market Recovery

    WASHINGTON -- Credit unions generally applauded the government takeover last week of Fannie Mae and Freddie Mac as a move that could alleviate the credit crunch in the housing market and provide lower interest rates. But one credit union president says the action won't cure the bigger ills facing the...

  • Lawmakers Ponder the Prognosis

    WASHINGTON -- From the mortgage market to the campaign coffers of lawmakers, the government's decision to place Fannie Mae and Freddie Mac in conservatorship will change what constitutes business as usual.

  • A Bad Situation Was Made Worse

    The Fannie-Freddie bailout is a bad idea and won't work. But for some, it's the only answer. Why?

  • Maine CU Considers Merger With Bank

    AUGUSTA, Maine -- The board of directors of the $51 million KV Federal Credit Union will decide whether to put a proposal to merge with a local mutual bank before the credit union's members.

  • $45M CU Offers $500M Asset Service

    FORT WORTH, Texas -- From her first day on the job as president/CEO, Lily Newfarmer said she knew that aggressive plans were needed to get members to use the array of products and services at Tarrant County Credit Union.

News Briefs

Regulatory/Compliance

Tech Bytes

Special Report

Opinions

  • Mitigating Risk for a Successful Mortgage Lending Operation

    Now, more than ever before, the market opportunities present the right time for credit unions to reaffirm member relationships through proactive mortgage lending initiatives. Members are undeniably searching fora trusted adviser to assist with their home-financing needs. Who better to fill this role than their credit union?

  • Carpe Diem Are the Watchwords for CUs in Today's Mortgage Market

    The timing of the annual meeting of the Credit Union Housing Roundtable in 2007 was remarkable in its correlation to the unfolding of the subprime crisis--a crisis that has led to considerable economic turmoil, not only in the United States but throughout the world. Statistics at the time indicated that...

  • Congress Must Act to Keep CUs the Beacon of Financial Security

    Since the start of the credit crisis, banks and thrifts have lost billions of dollars because of bad loans and problematic investments. The mortgage market turmoil has also contributed to considerable volatility on Wall Street and filtered into other economic sectors, from student loans to municipal borrowing. Most recently, this...

  • Hood Visits Members United

    WARRENVILLE, Ill. -- NCUA Vice Chairman Rodney Hood brought staff members of Members United Corporate Credit Union up to date on the agency's activities during a breakfast meeting on Aug. 6.

Editor-in-Chief's Column

  • The View From My High Horse and Soap Box

    I'm not going to pretend I know and understand all there is to know about the Fannie Mae-Freddie Mac bailout or make any predictions of how it will shake out. We seemed to get enough opinions on that. However, I do have some observations to make regarding the takeover.

Letters to the editor

Publisher's Notebook

People

Other

  • DONATIONS

    MidSouth Federal Credit Union, Macon, Ga., presented a donation check to Newspapers in Education. Branch Manager Robin Neisler presented the donation check to Phil Schorder, circulation sales and marketing manager for The Telegraph. Newspapers In Education is a program that provides copies of The Telegraph to local schools to promote...

  • SCHOLARSHIPS

    Electro Savings Credit Union, St. Louis, awarded three members Edward G. Halliburton scholarships. Electro Savings awards three $1,000 scholarships to high school seniors that are members or whose parents or guardians are members of the credit union. The recipients were Sarah Haas, Thomas Rohr and Kayla Portwood. Haas is studying...

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