Integrated Asset Services' latest house price index (HPI) reported a 0.5% drop in national home prices for the month of July.

After just six months on the job, the NCUA's Office of Corporate Credit Unions dismissed U.S. Central Federal Credit Union CEO James L. Nance on Sept. 25.

NCUA officials carefully tempered hopes for alternative capital at yesterday's San Diego Town Hall meeting, saying while there are signs the balance sheet band aid might come to pass, significant obstacles still remain.

SAN DIEGO -- So far, the credit unions that have failed as a result of the economic downturn have had relatively few assets; however, the NCUA told San Diego Town Hall attendees today that will change next year.

SAN DIEGO -- Allowing corporates to require paid-in capital as a condition of membership is among the new regulations under consideration by the NCUA.

SAN DIEGO -- Because it purchased so many "front loaded" investments, Western Corporate Federal Credit Union is expected to report significant permanent impairments in the near future.

Is the economy recovering? Southwest Corporate FCU members want to know. According to spokesman Terry Young, registration for the corporate's Oct. 27 and 28 Economic Forum is on pace to exceed last year's record attendance of 450.

If California Attorney General Jerry Brown's investigation into the three major credit rating agencies turns up any violations of California law and sets a legal precedent, will the NCUA file suit to recover losses