News

CUNA and NAFCU wrote lawmakers this week that the language in the financial overhaul bill that would limit the Federal Home Loan Bank Board to a 25% concentration limit would limit their ability to meet their obligations to their members.

The ailing AEA Federal Credit Union of Yuma, Ariz. has a new interim CEO.

Rejected by banks, a Washington-based medical practice made a huge step forward toward opening a 36,000-square foot office building thanks to Commercial Lending Solutions, a Chetco Federal Credit Union-owned CUSO.

Warmer weather, a tax credit for first-time homeowners and improved consumer confidence in the economy combined to cause new home sales to increase 26.7% last month, the Departments of Commerce and Housing and Urban Development reported today.

Western Corporate FCU reported nearly $50 million in new OTTIs in its March financial reports, posted on the San Dimas, Calif.-based corporate's website. (www.wescorp.org)

WESCO Net said it is about to open a third data center as it expands its capacity for Web and managed hosting, business continuity and network integration services.