News

On the mind of many of the 130 attendees at CU Business Group LLC's recent conference was the state of the commercial real estate market.

The $9 billion Southwest Corporate Federal Credit Union announced big July month-end losses, recording impairments on both U.S. Central and its own securities investments, to the tune of $178 million.

CUNA and NAFCU both praised a proposed NCUA rule allowing more flexibility to FCUs that participate in the Obama administration's program for rewriting and refinancing certain mortgages.

Pennsylvania's auditor general, Jack Wagner, is doing a rethink or a "clarification" on his proposal last month to look at taxing credit unions as a way of helping solve the state's budget impasse.

Four small Milwaukee credit unions are being merged into the $1.4 billion Landmark CU of New Berlin, the state's second largest.

The FBI office in Knoxville, Tennessee, wants to make sure images of their most recent serial bank robber are larger than life.