Credit Union Times | Accurate and Timely CU News

Economic Indicators Can Help Gauge U.S. Central Losses

By Heather Anderson

According to Clayton's first quarter U.S. Central investment report, losses from mortgage backed securities aren't expected to peak until early 2011, when principal and interest distribution also peaks.

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Survey Shows U.S. Consumer Confidence Still on Downturn This Month

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Fiserv Lands Five New Core Users

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July 14, 2009

Suncoast Schools FCU and GTE FCU Call Off Merger

In what would have been the largest credit union merger to date, Suncoast Schools FCU and GTE FCU have announced that they have terminated merger discussions.

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July 14, 2009

Consumer Prices Up

Consumer prices increased 0.7% last month, the Labor Department reported today.

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July 14, 2009

Fed Projects Continued High Unemployment

Even if parts of the economy rebound, high unemployment could continue until next year, according to predictions made by top officials of the Federal Reserve.

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July 14, 2009

Matz Confirmation Hearing Scheduled for Wednesday

The Senate Banking Committee will hold a hearing next Wednesday at 3:00 p.m. on the confirmation of Deborah Matz as chairman of the NCUA.

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July 14, 2009

Alaska USA Completing Calif. P&A

The $4 billion Alaska USA Federal Credit Union said last week it expects to complete the purchase and assumption of $110 million High Desert FCU within the next 90 to 120 days.

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July 14, 2009