News

The strong relationships credit unions forge with their members may be enough to protect them from the most severe impacts of having large numbers of home owners walk away from their mortgages, credit union economists and executives say.

Construction spending declined 1.2% in December, according to data released today by the Commerce Department.

For fiscal year 2011, the SBA's proposed budget of $994 million aims to bolster the agency's 7(a) loan program and extend revolving lines of credit, commercial real estate loans and term loans.

Young & Free has hit Tennessee courtesy of ORNL Federal Credit Union.

For the second time, the World Council of Credit Unions is asking for input to present to a global authority.

A review of budget documents suggests the Obama Administration is seeking a $250 million allocation for the U.S. Treasury Department's Community Development Financial Institutions Fund for fiscal year 2011.