News

To stave off bankruptcy, CIT Group Inc.'s board reportedly approved a $3 billion emergency loan over the weekend to aid the struggling small business lender.

The MoneyTracker personal financial management solution from Jwaala LLC will soon be offered to the 150,000 members of Addison Avenue Federal Credit Union, the company and credit union said.

Market analyst Barry Ritholtz told Credit Union Times he thinks the California Public Employees' Retirement System lawsuits against ratings agencies Moody's and Standard & Poor's have the potential to "go the distance."

SBA Administrator Karen Mills having a seat on Pres. Barack Obama's critical economic advisory team is a good sign, CUNA Deputy General Counsel Mary Dunn said.

Changing the student loan program from private industry to a government-run program would limit student choice, NAFCU President/CEO Fred Becker wrote members of a House panel.

Speeches by all three NCUA Board members, discussions on topics ranging from executive compensation to regulatory policy, and a concert by Kenny Rogers are among the highlights of NAFCU's Annual Conference, which starts this Wednesday.