The spate of Southeast bank failures is providing some extra bargains for credit unions that are able to acquire abandoned bank branches and other property.
MidSouth Community FCU monitors the FDIC’s list of foreclosed properties closely.
Open Solutions Inc.’s outlook on its immediate future differs than that of one of the leading raters of debt. While continuing its “B” corporate credit rating on the privately held core processing company, Standard & Poor’s said it has downgraded its outlook “to negative from stable, reflecting uncertainty as to the...
Thursday morning House hearing focusing on financial reform's impact on business lending; set for same time as Senate MBL hearing.
Crippled by mounting commercial loan losses, the $1.6 billion Texans Credit Union was placed in conservatorship on April 15 by the NCUA.
In its latest assault on credit unions' the tax exemption, the banking lobby has seized on a suit filed by the NCUA to recover losses in a 2009 Nevada credit union failure as evidence CUs are handing out loans to nonmembers on a broad scale.
A defaulted $1.5 million loan apparently made to non-members is firing up bankers' tax exemption talk.
The industry's latest corporate crisis wound up again getting national attention Monday night in a segment on Fox Business Network featuring interviews with CUNA President/CEO Bill Cheney and one of the Wall Street Journal writers of "bailout" fame.
Rapid asset growth had proved to be a problem for MaPS Credit Union.
Washington State credit unions have scored a legislative victory in 2010 by winning the right to accept public funds starting in July of next year.