News

A paper authored by Card Services For Credit Unions and Callahan & Associates reports that CU credit card delinquency, even in this recessionary year, still dramatically lags where it was a decade ago as proportion of overall CU delinquency.

Recognizing the potential behind the trillion dollar growth in individual retirement account assets, MEMBERS Trust Co. has launched a product that is married with the features of a trust.

Consumers showed some reluctance to buy big-ticket items such as cars, appliances and office equipment last month, the Commerce Department reported today.

Western Corporate Federal Credit Union defendants sued by seven mid-sized credit union members include the seized institution's entire board of directors and supervisory committee as well as two volunteers who had already left the board.

The presence of a tax credit for first-time buyers and slightly more confidence in the economy fueled a 6.2% in new home sales last month-5.1% above October 2008-the Departments of Commerce and Housing and Urban Development reported today.

Defendants in a suit charging negligence and fiduciary breach began to change Western Corporate Federal Credit Union's investment focus in or around 2003 when they invested in more mortgage- and asset-backed securities, plaintiffs claim.