Credit Union Times | Accurate and Timely CU News

Loan Delinquencies Up in Fourth-Quarter 2008

By Claude R. Marx

The recession and its widespread job losses caused a 32 basis point increase in loan delinquencies, according to data released today by the American Bankers Association.

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Microlenders Feel Wave of Loan Requests

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Driving Home Symposium Postponed to 2010

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March 24, 2009

CU Auto Share Hits 25%, Notes Michigan League

Credit union market share of auto loans is on the rise reaching 24% compared to 14% a year ago with perhaps some of the credit going to the Invest in America program with General Motors and Chrysler Corp., the Michigan Credit Union League said this week.

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March 23, 2009

The Golden 1 Purchases $500 Million State Note

The $7 billion The Golden 1 Credit Union yesterday purchased a $500 million private placement, short-term revenue anticipation note from the State of California, which the state issued to make up for budget shortfalls.

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March 23, 2009

On-Site Coverage: Mica Pushes Lifting MBL Cap; Dodd Raises Concerns

WASHINGTON - CUNA President Dan Mica today made another pitch for lifting the cap on member business loans, but Sen. Christopher Dodd said he wants to proceed with caution because of concerns about regulatory oversight.

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March 23, 2009

Federation to Help CDCU's Apply for Stimulus Money

The National Federation of Community Development Credit Unions is launching a concerted effort to help community development credit unions apply for money available from the Treasury's Community Development Financial Institutions Fund.

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March 22, 2009

Existing Home Sales Increased in February

Low mortgage rates and an increase in the availability of foreclosed properties helped trigger an increase in sales of existing homes last month, the National Association of Realtors reported today.

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March 19, 2009