Credit Union Times | Accurate and Timely CU News

Bernanke Offers Mixed Economic Forecast

By Claude R. Marx

The economy is likely to experience continued growth next year but there are some "important headwinds" that will "prevent the expansion from being as robust as we would hope," Federal Reserve Chairman Ben Bernanke said today.

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Retail Sales Increase

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Matz: Recovery of Depleted Corporate Capital is 'Unlikely'

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November 15, 2009

Pentagon Federal to Start Issuing American Express Cards

The $13.5 billion Pentagon Federal Credit has announced that it is the only credit union in the country, at least for now, to issue American Express cards.

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November 15, 2009

Pentagon FCU's Pollack to Testify on Overdraft Bill

Pentagon Federal Credit Union President/CEO Frank Pollack is scheduled to be one of five witnesses to testify at Tuesday's Senate Banking Committee hearing on legislation to restrict overdraft fees.

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November 15, 2009

Invest in America Offers New Discount Programs

CUcorp has announced that the Invest in America program has expanded to offer credit union members discounts from FTD and CU Benefits Express.

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November 15, 2009

EDS Using Ensign to Expand 'InTouch' Brand

Dallas-based EDS Credit Union said its Friday purchase/assumption of the long-troubled $98 million Ensign FCU of Henderson, Nev. fits well into its long-term branding strategy.

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November 15, 2009

NCUA's Statement is Response to ACCU-Led Challenge

The Association of Corporate Credit Unions asked the NCUA to reconsider its position on corporate capital write downs during a special Nov. 5 meeting that was closed to the press.

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November 15, 2009

NCUA Closes Ensign FCU

The impact of the recession on Nevada's already battered economy was again evident on Friday when the NCUA closed Ensign Federal Credit Union and authorized EDS Credit Union to buy its shares and assets.

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November 15, 2009