Credit Union Times | Accurate and Timely CU News

NCUA to Arrowhead: No New MBLs

By Michelle A. Samaad

The $876 million Arrowhead Credit Union can continue to process pending member business loan applications but not accept new ones, the NCUA said.

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ICBA Urges Senate Leaders to Kill Effort to Raise MBL Cap

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Fynanz New Site Features Financial Literacy Blog

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July 07, 2010

Ohio CUs See Big Member Increase

The Ohio Credit Union League is celebrating what it said was a record, fifth straight quarterly increase in credit union members. Roughly 10,000 Ohioans joined credit unions in the first three months of 2010, the league said.

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July 07, 2010

Consumer Credit down at CUs and Overall

Consumers appeared reluctant to take on additional credit as concerns persist about the pace of economic growth.

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July 06, 2010

Consumer Groups Want the NCUA to Crack Down on Payday Lending

The National Consumer Law Center and Consumers Union have urged the NCUA to crack down on what they charge are overly expensive credit union branded payday loan products.

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July 06, 2010

ABA Reports Drop in Most Consumer Loan Delinquencies

Delinquencies fell during the second quarter in seven of the 11 bank loan categories tracked by the American Bankers Association, the group announced today.

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July 06, 2010

CUs, Banks Own A Million Homes

Credit unions and banks now hold 1 million homes as home loan delinquencies exceed 10%, according to CUNA Mutual Group President/CEO Jeff Post.

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July 06, 2010

Fannie Mae to Target Walk-Aways

Credit union mortgage servicers face an expanded and more important role under a new Fannie Mae policy designed to crack down on borrowers who walk away from their mortgage commitments.

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July 06, 2010