News

Credit unions had $241 billion in outstanding consumer credit in October, up from the revised figure of $240.6 billion in September, according to data released yesterday by the Federal Reserve.

Judges could be allowed to reset the terms of mortgages and all credit unions would be exempt from the Consumer Financial Protection Agency.

Joined by a coalition of vendors, the New Jersey Credit Union League said Tuesday it is hosting "Credit Union Reality Check 2010," a special conference next March that puts the emphasis on audience interaction and electronic polling.

The numbers are in and the $185 million MCT Credit Union, headquartered in Port Neches, Texas, found this year a good time to cross sell cards as the CU set out to grow its credit card portfolio.

After he leaves the National Credit Union Foundation on Dec. 31, executive director Steve Delfin will begin as the CEO of America's Charities.

Citing economic factors, the $920 million Elevations Credit Union of Boulder, Colo. is closing a Denver area branch and laying off 13 employees, or 6% of its work force effective at the end of January.