MANHATTAN BEACH, Calif. -- Efforts to launch a credit union controlled secondary mortgage market gained a new ally last week, when secondary mortgage market pioneer Jess Lederman joined $4.4 billion Kinecta Federal Credit Union in the newly created position of senior vice president and chief lending officer.

NEW YORK -- While credit unions might turn up their noses at the prospect of unloading nonperforming loans for pennies on the dollar, financial consultant Peter Duffy said that for those who can spare the capital, a weak market beats no market at all.

MANHATTAN BEACH, Calif. -- Kinecta Federal Credit Union has hired former Countrywide Chief Risk Officer Jess Lederman as Senior Vice President, Chief Credit Officer.

MANHATTAN BEACH, Calif. -- Kinecta Federal Credit Union has hired former Countrywide Chief Risk Officer Jess Lederman as Senior Vice President, Chief Credit Officer.

DALLAS -- A record-setting crowd of 500 members attended Southwest Corporate Federal Credit Union's Economic Forum this week, with a modern, edgy video introduction to the aggregate's new member capture product stealing the show.

WASHINGTON -- Corporate credit unions are crossing their fingers that testimony at two Securities and Exchange Commission roundtables today will influence the SEC to consider updating fair-value accounting rules.

WASHINGTON -- Corporate credit unions are crossing their fingers that testimony at two Securities and Exchange Commission roundtables today will influence the SEC to consider updating fair-value accounting rules.

WASHINGTON -- The CU Housing RoundTable, a group that made headlines earlier this month recommending a credit union-controlled secondary mortgage market, has presented a proposal to the NCUA, asking to make $1 billion in CLF funds available to natural person credit unions, through the corporate network, to assist with problem...