News

Credit union mortgage lenders who sell their mortgages may face higher hurdles from the newly drafted Financial Stability Improvement Act.

The New York Yankees, using techniques employed by financial institutions, are in a position to become the World Series champion for the 27th time.

TMG Financial Services, the agent-issuing arm of TMG, purchased 8,000 credit card accounts worth roughly $16.6 million in outstanding balances from two credit unions, the card firm announced today.

It was hardly unexpected, but the Iowa Bankers Association joined by the American Bankers Association are objecting to a Federal Reserve application by the Iowa Credit Union League to form a bank holding company to buy an Arizona bank.

A CUNA representative drew the House Financial Services Committee a stark picture of the difficulties many consumers would face if the Committee moved forward with proposed changes to laws regulating overdraft protection.

U.S. Central Federal Credit Union released its third quarter 2009 financial statements today, announcing a $308.5 million net loss that depletes remaining member capital shares to only $140 million as of Sept. 30, now an 88.7% impairment.