November 06, 2009 Credit unions had $240.5 billion in outstanding consumer credit in September, down from the revised figure of $241.6 billion in August, according to data released today by the Federal Reserve....
November 06, 2009 Southeast Wisconsin credit unions, which lost millions in the March bankruptcy of Central States Mortgage Co and CU Fleet apparently have reached a settlement allowing them to recover claims totaling $82 million, according to local media reports. ...
November 06, 2009 CUNA Mutual Group said it has closed on its purchase agreement with Producers Ag Insurance Group to become the sole owner of the crop insurer....
November 06, 2009 With the mission of sharing best practices in the business lending arena, 15 CUSOs have come together to form Regional CUSO Alliance to promote sound business loan participation activity in their local markets....
November 06, 2009 The Ohio Credit Union League is looking to form a year-end partnership with its Georgia counterpart to provide on-site compliance specialists operating on more formalized monthly contracts. ...
November 06, 2009 Detroit Edison Credit Union and NuUnion Credit Union announced today that they have approved an intent to merge agreement....
November 06, 2009 Regulators should “show some temperance” when examining financial institutions so that they can continue to lend money to help the economy improve,” House Financial Services Committee Chairman Barney Frank said in a letter....
November 06, 2009 Businesses cut 190,000 non-farm jobs last month as unemployment reached 10.2%, the highest rate since April 1983, the Department of Labor reported today....
November 05, 2009 The $1.45 billion North Island Financial Credit Union of San Diego, one of California’s troubled CUs, announced Thursday it has hired veteran and retired CEO John Tippets, former head of American Airlines FCU in Dallas as its new CEO. ...
November 05, 2009 The federal court verdict in favor of Community First Credit Union on UBIT represents substantial authority that credit life and disability insurance are exempt from the tax, according to an advisory opinion by attorneys for the UBIT Steering Committee....
November 05, 2009 A North Carolina credit union, the $238 million Piedmont Advantage, is enjoying a surge in new card business this fall as a result of a 6.9% fixed rate, no annual fee Visa card with account openings now topping 700. ...
November 05, 2009 Former San Diego Metropolitan Credit Union President/CEO Joseph Schroeder has found a new home at Ventura County Credit Union....
November 05, 2009 Investment advisers at credit unions and CUSOs are familiar with the litany of visits, e-mails and calls from providers, but those frequent contacts may not yield long-term relationships. ...
November 05, 2009 Over 100 individuals representing many different facets of the mortgage and real estate industries have been indicted for their roles in different mortgage frauds by the U.S. Attorney for the Middle District of Florida....
November 05, 2009 Philadelphia Federal Credit Union has gone first with a new Web channel that integrates its lending and other platforms with remote signature capability....
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