News

Despite the availability of a tax credit for first-time buyers, sales of new homes fell 3.6% in September and were 7.8% below the level of September 2008, the Commerce and Housing and Urban Affairs Departments reported today.

Yolo Federal Credit Union plans to make the most of American Massage Therapy Association's National Massage Therapy week by offering members free five-minute chair massages this week.

The Iowa Credit Union Foundation has drawn praise from the State of Iowa for its effort to help lower income Iowans save to purchase a home.

Like the old at-home visits by the rural doctor, state credit union leagues are ramping up on-site compliance visits-some lasting a week at a time-under new programs debuting this fall with an appeal to small CUs from Iowa to Texas.

The SBA said it will launch a secondary market guarantee program with the aim of providing greater liquidity for credit unions and other lenders.

The turnaround signs for troubled Nevada credit unions remain still hard to come by Wednesday, according to CEOs, as at least one, the $783 million Nevada FCU detailed the shedding of 30 jobs this week bringing its payroll down to 270 employees.