Denver-area credit unions stepping up efforts to help as thousands flee and homes burn.
Even as it absorbs its lumps and lays off employees from the slump in home lending, the $419 million Air Academy Federal Credit Union of Colorado Springs, Colo., made clear last week it is on a mission to emphasize online and electronic tools.
Stung by writedowns in its real estate portfolio and the slowdown in home lending, the $419 million Air Academy Federal Credit Union of Colorado Springs confirmed Tuesday it laid off 19 employees last week and has closed several branches.
Should CUs join a retreat from reverse mortgages or continue offering the loans aimed at seniors?
This article will be among the news, features, analysis and insight filling the pages of the next print edition of Credit Union Times.