Credit Union Times | Accurate and Timely CU News

Exclusive: Former Centrix CEO Robert Sutton Interview with CU Times

By Staff Writer

In the first in-person interview he has granted to the credit union press since the bankruptcy of Centrix Financial, Robert Sutton called the taking down of the Centrix Portfolio Management Program, the subsequent fallout for credit unions and bankruptcy of Centrix Financial, a tragedy that didn't have to happen.

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ACUMA Chairman Joins Call to Aid Mortgage Subprime Victims

The nation's mortgage meltdown is triggering a call to action among credit unions with mortgage specialties.

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August 21, 2007

Congressional Interest May Drive Increased NCUA Attention to Fair Lending

NCUA examiners appear to be looking more closely than they have been in recent years at how well credit unions comply with federal fair lending regulations, according to attorneys who work with credit unions.

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August 21, 2007

Start-Up, Minority Businesses Received More SBA 7(a) Loans, GAO Finds

The Government Accountability Office has just released a report that takes a hard look at the Small Business Administration's 7(a) loan program's performance measures, any constraints and what types of small businesses are being approved for the loans.

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August 21, 2007

Countrywide Runs Ads to Boost Confidence; Layoffs Reported

In an effort to reassure its customers, Countrywide Financial Corp. ran ads in the <em>Los Angeles Times</em> yesterday saying that the business is safe and deposits are insured by the FDIC.

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August 20, 2007

Nevada FCU Doing OK 'Despite Housing Gloom'

LAS VEGAS -- With the state leading the nation in foreclosures, Nevada Federal Credit Union, the state's largest, said Monday it considers itself fortunate to have steered its members away from subprime and despite the gloom is doing well in first-time home buyer mortgages.

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August 20, 2007

CUDL Announces Interface with Summit Core

Credit unions running on the Summit Information Systems core processing platform now can deploy a seamless interface with the CUDL indirect lending and point-of-sale system.

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August 20, 2007

CUDL Announces Interface with Summit Core

Credit unions running on the Summit Information Systems core processing platform now can deploy a seamless interface with the CUDL indirect lending and point-of-sale system.

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Lending

Top Lending Stories

Exclusive: Former Centrix CEO Robert Sutton Interview with CU Times

Countrywide Bolstered by $2 Billion Cash Infusion from Bank of America

Mortgage Meltdown and Credit Crunch Takes Toll on Toll Bros., Lehman

Recommended Just For You

Lending Stories

ACUMA Chairman Joins Call to Aid Mortgage Subprime Victims

Congressional Interest May Drive Increased NCUA Attention to Fair Lending

Start-Up, Minority Businesses Received More SBA 7(a) Loans, GAO Finds

Countrywide Runs Ads to Boost Confidence; Layoffs Reported

Nevada FCU Doing OK 'Despite Housing Gloom'

CUDL Announces Interface with Summit Core

CUDL Announces Interface with Summit Core