Credit Union Times | Accurate and Timely CU News

Corporate America Gets Court Date with U.S. Central

By Heather Anderson

Corporate America Credit Union's case against U.S. Central Federal Credit Union's former directors and executives is going to court. U.S. District Court Judge Inge P. Johnson filed the order March 25, setting a Dec. 6 trial date in Birmingham, Ala.

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Goldstein Gets Recess Appointment for Key Treasury Post

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Minn. League CEO Pens MBL Cap Lift Letter

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March 28, 2010

Heartland Hacker Gets Twenty Years

Albert Gonzalez, the hacker whose electronic thievery cost credit unions and other card issuers millions of dollars when he hit the card processor Heartland Payment Systems, received a sentence of twenty years and a day for the Heartland hack attacks.

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March 28, 2010

SBA Recovery Lending Extended Through April 30

President Obama signed legislation late Friday that would extend enhancements for the SBA's two largest loan programs that is estimated to support nearly $1.4 billion in small business lending.

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March 28, 2010

Trades Using Congressional Recess to Lobby

While Congress is out of session for a two-week Passover/Easter recess, CUNA and NAFCU are using the period to have their members lobby lawmakers on key issues facing credit unions.

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March 28, 2010

Ambac Moratorium Could Bring More Corporate OTTIs

Ambac Assurance Corporation announced it restructured its residential mortgage backed securities guarantees into a separate "segregated account" after the Wisconsin Insurance Commissioner successfully petitioned to take control of the fund.

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March 28, 2010

Justice Department Takes Sides in Tax Case-In Favor of the CU

The U.S. Justice Department has sided in favor of a credit union locked in a legal battle against its state.

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March 28, 2010

April NCUSIF Deposits Will Raise Equity to 1.26%

The NCUA isn't saying how much it will charge credit unions to repay corporate stabilization or other NCUSIF expenses.

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March 28, 2010

Feds to Give Money to Five States to Help Housing Woes

The Obama administration announced today that it will give $500 million to housing finance agencies in North Carolina, Ohio, Oregon, Rhode Island and South Carolina to help them finance programs to help people struggling to afford housing.

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Top News Stories

Corporate America Gets Court Date with U.S. Central

Goldstein Gets Recess Appointment for Key Treasury Post

Minn. League CEO Pens MBL Cap Lift Letter

Recommended Just For You

News Stories

Heartland Hacker Gets Twenty Years

SBA Recovery Lending Extended Through April 30

Trades Using Congressional Recess to Lobby

Ambac Moratorium Could Bring More Corporate OTTIs

Justice Department Takes Sides in Tax Case-In Favor of the CU

April NCUSIF Deposits Will Raise Equity to 1.26%

Feds to Give Money to Five States to Help Housing Woes