Credit Union Times | Accurate and Timely CU News

Consumer Groups Argue 'Courtesy Overdraft' Should Be Limited to Depositor Request

By David Morrison

WASHINGTON -- In a letter to Bank of America, two powerful nationwide consumer groups have urged that overdraft loan programs be limited to depositors who wish to use them and not applied to all accounts.

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Member Demand Tops List for Credit Unions Offering Business Lending

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Ensign FCU Skeptical at First About Banker-Formed Lending CUSO

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June 11, 2007

Security Service FCU in Texas Wins New Horizons Bidding

DENVER -- The $4 billion Security Services Federal Credit Union of San Antonio has been declared the successful bidder for assets of the $180 million New Horizons Credit Union, which went into NCUA conservatorship a year ago after getting into trouble on Centrix Financial subprime and construction loans, the state's...

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June 08, 2007

Hood Promotes Increasing Homeownership at Underserved Conference

NEW ORLEANS--In his keynote address at the opening session of the National Federation of Community Development Credit Unions' Serving the Underserved Conference, NCUA Vice Chairman Rodney Hood challenged credit unions to increase homeownership among the underserved.

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June 08, 2007

Wescom CU Buys Check Casher for UnderServed Effort

PASADENA, Calif. -- The $3.9 billion Wescom Credit Union has purchased a noted check cashing company that is says it will operate as a CUSO as an outreach to help underserved and unbanked communities.

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June 08, 2007

Wescom CU Buys Check Casher for UnderServed Effort

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June 07, 2007

Credits Unions Seeking Business Lending Talent from Within

MADISON, Wis. -- While it appears that many credit unions are recruiting from community banks to staff their business lending departments, most are choosing to seek talent from within.

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June 07, 2007

Massachusetts CU Announces Major Effort To Help Forestall Foreclosures

BROCKTON, Mass. - The $1.4 billion HarborOne Credit Union has announced it will form what it has dubbed a "Multicultural Banking Center" to fight predatory lending among lower income and immigrant communities.

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June 06, 2007