News

A new report from the Filene Research Institute has brought academic research to what has been mostly anecdotal reports: Consumers are opting to pay their credit card bills instead of their mortgages first.

The $2.3 billion Georgia Central Credit Union, the state's corporate engaged in active merger talks on the NCUA-conserved Southwest Bridge Corporate FCU, has become a federal charter, its president/CEO, Greg Moore, confirmed Tuesday.

The $517 million Memphis Area Teachers Credit Union, headquartered in Memphis, Tenn., is testing a program it hopes will move real estate it owns into the hands of financially disadvantaged members.

There were 860 financial institutions that the FDIC considered to be troubled during the third quarter, up from 829 during the previous three months, according to data released by the agency today.

Former insurance lobbyist and Oklahoma Gov. Frank Keating was named the American Bankers Association president/CEO today.

Assistant Treasury Secretary Michael Barr, who oversees the department's work on credit unions, banks and other financial institutions, plans to leave office by the end of the year to return to academia.