Credit Union Management

As credit unions have increased their share of the mortgage market, they have also acquired a reputation for being relatively soft mortgage fraud targets, according to lending mortgage loan executive.

LAS VEGAS -- Bob Dorsa, CEO of the American Credit Union Mortgage Association sees the potential irony in holding a mortgage conference in Las Vegas, one of the leading foreclosure cities in the U.S.

WASHINGTON - House members and senators addressing NAFCU's Congressional Caucus today spoke along party lines-Democrats supportive and Republicans against-a proposal to create an agency that would regulate consumer financial products.

Financial Service Centers Cooperative, one of two nationwide credit union shared branch networks, will launch a sweepstakes on Oct. 1 to promote use of kiosks in California 7-Eleven stores.

Savings growth continues to shatter records for credit unions with much of the activity coming from regular shares not money market accounts and certificates of deposit.

WASHINGTON - While the details need to be worked out, Congress is likely to approve President Obama's plan to create a new agency to regulate consumer financial products, Rep. Paul Kanjorski (D-Pa.) said today at NAFCU's Congressional Caucus.