Lending

If nothing else, Credit Union Times is all about helping readers understand their world.

An 11-month federal investigation has revealed that a former vice president of business services at AEA Federal Credit Union in Yuma, Ariz., was allegedly one of the persons behind the approval of business loans in an apparent $1 million kickback scheme.

The Obama administration's program to help people avoid foreclosures is on track to only help between 700,000 and 800,000 homeowners and not the 3 million to 4 million that officials targeted, a Congressional panel concluded in a report released today.

Baby boomers in Canada may have unrealistic hopes about how much they can save in the few years before they retire but many are still optimistic about their personal financial situation.

Xtend Inc. said it has reached the 3,000 mark in the number of mortgage loans supported by the CUSO as it reaches the end of its third year offering the service.

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