Crippled by mounting commercial loan losses, the $1.6 billion Texans Credit Union was placed in conservatorship on April 15 by the NCUA.
The industry debate over the propriety of the public campaigns of small, deeply troubled inner city credit unions to raise capital among other CUs and the citizenry has generated lively and sometimes strident rhetoric.
Signs are cautiously pointing to an economic recovery nationwide. The national unemployment rate fell by one percentage point in the past year, and even in the hardest hit sand states, job outlook statistics improved.
NATIONAL HARBOR, Md. — Catherine Vallette-Kilroy recently spent a week listening to lectures during the day and studying for exams at night.
ALEXANDRIA, Va. — Federally insured credit unions with assets of more than $50 million and smaller ones with potentially risky loan portfolios would have to have policies to evaluate the institution’s interest rate risk exposure, set risk limits and test for interest rate shocks.
There is more proof that lending to small businesses is starting to recover in some loan size categories even in the midst of a continued decline of activity by financial institutions.
Heather Moshier works for the benefit of her credit union’s members out front and behind the scenes, and, as if she had time to spare, has become a respected member of the nationwide network of CU technology managers.
Dover Federal Credit Union, Dover, Del., hired Lynne Schwab Schaefer in January as vice president of business services. The new division will provide the Delaware business community with lending and deposit options. Schaefer brings over 20 years of diverse banking experience, most recently with WSFS Business Banking, to her new...
The travail of the $6.7 million Mission SF FCU of San Francisco continued last week, with apparently desperate efforts under way to save the deeply ailing community development CU from being liquidated or merged by the NCUA.
As is the case in many other states, small businesses continue to feel the freeze in New Jersey as their lines of credit and credit card balances have been slashed despite their ability to meet their obligations.