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West Texas Credit Union's Capital Well Dries Up

By Heather Anderson

The $84 million West Texas Credit Union reported approximately 12% net worth as recently as September 2008. However, it has taken a beating somewhere on the balance sheet each quarter since, leaving it with only 0.12% net worth as of March 31.

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Bank Loan Throwaways Not up to Snuff for Some Credit Unions

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Chrysler Bankruptcy Makes CUs More Relevant, Says Adams

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April 29, 2009

White House Announces Chrysler Bankruptcy

President Obama announced this afternoon that Chrysler will seek bankruptcy and enter an alliance with Fiat.

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April 28, 2009

Georgia CU 2008 Loan Activity on Par with 2007

Loans issued by Georgia's credit unions totaled $4.0 billion in 2008, nearly identical to the $4.1 billion distributed in 2007, according to a new report from the Georgia Credit Union Affiliates.

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April 23, 2009

Source of $10 Billion CU Liquidity Loans Still Unknown

While there continues to be speculation on the recipient of $10 billion in liquidity loans to two "problem" credit unions, NCUA is standing firm saying it never reveals who receives such loans.

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April 22, 2009

Durbin Says Bankruptcy Provision Could Be Voted On Next Week

Senate Majority Whip Richard Durbin said today that a vote on a measure to allow bankruptcy judges to rewrite the terms of mortgages "could come as early as next week."

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April 22, 2009

1st Quarter California Mortgage Defaults Make History

Lenders filed 135,431 mortgage default notices against California homeowners during the first quarter of 2009, real estate information service MDA DataQuick reported yesterday.

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April 20, 2009

Missouri Moves Forward With Small Biz Fund

A program proposed by Missouri Gov. Jay Nixon to create a $2 million pool of funds that would make available low-interest and no-interest loans to small businesses is moving forward despite some objections.

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April 13, 2009

New York Times Editorializes Against Federal Payday Lending Proposal

The New York Times has taken a stand critical of a proposed federal law which would cap the interest and fees from payday loans at 15% across the country.

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Top Lending Stories

West Texas Credit Union's Capital Well Dries Up

Bank Loan Throwaways Not up to Snuff for Some Credit Unions

Chrysler Bankruptcy Makes CUs More Relevant, Says Adams

Recommended Just For You

Lending Stories

White House Announces Chrysler Bankruptcy

Georgia CU 2008 Loan Activity on Par with 2007

Source of $10 Billion CU Liquidity Loans Still Unknown

Durbin Says Bankruptcy Provision Could Be Voted On Next Week

1st Quarter California Mortgage Defaults Make History

Missouri Moves Forward With Small Biz Fund

New York Times Editorializes Against Federal Payday Lending Proposal