Credit Union Times | Accurate and Timely CU News

Consumer Group Asks for Mercy on CUs in Card Law Compliance

By Claude R. Marx

The Consumer Federation of America asked the Federal Reserve and Senate Banking Committee Chairman Christopher Dodd to give credit unions additional time to comply with provisions of a new law on mailing open-ended credit statements.

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FOMC Meeting on Economic Health, Interest Rates

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Callahan & Associates Criticizes USA Today Report

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August 10, 2009

Neighborhood Trust FCU Aids Hispanic Business Owners

The $7 million Neighborhood Trust Federal Credit Union was one of several lenders that provided financing to more than 100 Hispanic business owners during a recent entrepreneurial fair in New York.

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August 10, 2009

'Clean' Businesses Faring Better Than Others

Those small businesses that did not have a lien, judgment, collection filing, bankruptcy or severe payment delinquencies prior to the start of the economic downturn in 2007 are doing better than other firms.

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August 09, 2009

CUs Helping Members Through the Waterfall

Credit unions already enrolled in the U.S. Treasury Department's Making Home Affordable Program said they are working hard to help members behind on their mortgages make it through the so-called "waterfall test."

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August 09, 2009

Consumer Credit Rises at CUs, but Down Overall

Credit unions had $235.9 billion in outstanding consumer credit in June, up from $235.6 billion in May, according to data released late Friday by the Federal Reserve.

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August 09, 2009

Vancity CU Shuts Down Online Lending

The $14.5 billion Vancity Credit Union said it has sold the majority of its retail loans offered through its online banking division after the service failed to take off.

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August 06, 2009