Credit Union Times | Accurate and Timely CU News

Michigan League Reaches Deal for RV Loans

By Jim Rubenstein

The Michigan Credit Union League announced a marketing agreement with Thor Inc., the largest producer of recreational vehicles, to aid CUs offering secured RV loans through Thor's captive finance firm.

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ILT, Wolters Kluwer Spice Up DILLS

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July 30, 2009

New U.S. Central Losses Result in 63% MCS Impairment

New OTTI charges announced today by the $31.5 billion U.S. Central Federal Credit Union means the seized corporate must increase its impairment to membership capital shares, which will trickle down to member corporates.

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July 30, 2009

Senate Panel Endorses Matz

By unanimous consent, the Senate Banking Committee yesterday sent the nomination of Deborah Matz to the full Senate.

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July 30, 2009

Members United Records $82 Million OTTI

The $8 billion Members United Corporate Federal Credit Union reported an $81.9 million OTTI in its newly released June financial reports, resulting in a $79.3 million net loss for the month.

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July 30, 2009

Accounting Forces CLF to Pull Funds Out of U.S. Central

The NCUA determined that pulling the Central Liquidity Facility funds from U.S. Central would be the only way to continue helping it and the credit union system at large.

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July 29, 2009

CU*Answers, Talaris Join in Cash Automation

CU*Answers is now offering the 165 credit unions in its network the cash automation solutions of Talaris.

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July 29, 2009

House Passes Flood Insurance Extension

The House yesterday passed a measure to extend the National Flood Insurance Program through next March and also made communities with state or locally funded levee improvements eligible for some federal funding.

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July 29, 2009

Remote Capture Goes Global at State Department FCU

The "remote" in remote deposits for credit unions will be taking on a whole new meaning as State Department FCU deploys the technology around the world.

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Top News Stories

Michigan League Reaches Deal for RV Loans

ILT, Wolters Kluwer Spice Up DILLS

Some CU Payday Loan Alternatives Not Alternatives

Recommended Just For You

News Stories

New U.S. Central Losses Result in 63% MCS Impairment

Senate Panel Endorses Matz

Members United Records $82 Million OTTI

Accounting Forces CLF to Pull Funds Out of U.S. Central

CU*Answers, Talaris Join in Cash Automation

House Passes Flood Insurance Extension

Remote Capture Goes Global at State Department FCU