News

The Senate is resuming debate today on the regulatory overhaul bill and is scheduled to vote on an amendment that would increase Congress' power to audit the decisions of the Federal Reserve.

Private student loan program provider Fynanz received support from 28 state credit union leagues in conjunction with its partnership with CUNA Strategic Services.

Since the SBA's America's Recovery Capital loan program debuted last summer, First U.S. Community Credit Union has been flooded with applications and the deluge has led to bigger loans for the Sacramento, Calif.-based cooperative.

Although the economy continues to pick up steam, consumers were reluctant to take on new credit for their purchases.

Some of the credit unions that lost money when US Mortgage CEO Michael McGrath fraudulently sold some of their loans to Fannie Mae have made progress in coming to a settlement with the mortgage giant and CUNA Mutual Insurance.

An iPad application for credit unions made its debut this week.