News

Citing the severity of the recession, the Obama administration today raised its projection from $7.3 trillion to $9 trillion over the next 10 years.

As members of the $53 million KV Federal Credit Union mail in their merger ballots, the credit union's merger partner awaits word from a federal banking regulator about whether it will accept its proposed charter change.

The industry's campaign to retain a separate and independent regulator received some Texas exposure this week at a signing ceremony conducted by Gov. Rick Perry heralding the passage of a new state sunset law retaining a single CU regulator.

Vermont credit unions are fostering heightened credit counseling services for members under a year-long project spearheaded by the state league, which is financing free in-person and online training for key employees.

Praising his "temperament, his courage, and his creativity," President Obama today announced he is reappointing Ben S. Bernanke as chairman of the Federal Reserve Board.

CMG Mortgage Insurance is emphasizing that a recent move by the Federal Home Loan Bank of Boston to stop buying some mortgage loans with primary insurance from CMG MI affects only a very limited number of loans.