Credit Union Times | Accurate and Timely CU News

On-Site Coverage: Credit Union Reality Check

By Robert McGarvey

ATLANTIC CITY, N.J. — Do not expect an easy fix for the US economy, said Mike Schenk, vice president of economics at CUNA, at the “Credit Union Reality Check” conference in Atlantic City.

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On-Site Coverage: Credit Union Reality Check

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Mortgage CUSO Turns to Finance CUSO for Warehouse Credit

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March 21, 2011

Opposition Surges Against Mortgage Servicing Settlement

A mortgage servicing settlement proposed by Iowa Attorney General Tom Miller is under intense scrutiny by several state attorney generals, who publically voiced their concerns about its impact on U.S. financial institutions in media interviews and a March 16 letter to addressed to Miller’s office.

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March 18, 2011

SECU Opens Estate Planning Essentials Program to Members

Raleigh, N.C.-based State Employees' Credit Union is ready to roll out its improved Estate Planning Essentials Program to members statewide.

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March 17, 2011

CO-OP Launches Remote Underwriting Service

CO-OP Financial Services has launched a new service that will allow client credit unions to have loans underwritten through CO-OPs call center.

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March 17, 2011

On-Site Coverage: NCUA Unveils Requirements for CU Interest Rate Risk Policies

ALEXANDRIA, Va. — Federally insured credit unions with assets of more than $50 million and smaller ones with potentially risky loan portfolios would have to have policies to evaluate the institution’s interest rate risk exposure, set risk limits and test interest rate shocks.

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March 17, 2011

Minnesota Network Keeps Push on for Business Lending Cap Increase

The newly-introduced Small Business Lending Enhancement Act provided another opportunity for the Minnesota Credit Union Network to continue its press for raising the member business lending cap.

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March 16, 2011

Iowa Spotlight on Member Business Lending

Credit unions are offering business loans at a critical time, just when other financial institutions are pulling back, Iowa Gov. Terry Branstad recently said.

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March 16, 2011