Credit Union Times | Accurate and Timely CU News

Obama to Meet with Pope after Pontiff's Praise of Credit Unions

By Claude R. Marx

President Obama is scheduled to have an audience with Pope Benedict XVI today, three days after a papal encyclical praised the work of credit unions.

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In Shakeup, Memphis Area Teachers Cuts Five Management Jobs, Seeks CEO

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White Paper Explores Organic Member Growth

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July 08, 2009

'Youth Enthusiasm' Still Up, Says NYIB as Deadline Nears

So far, the national recession has failed to put a damper on credit union enthusiasm for young adult innovations based on educator presentations at this year's National Youth Involvement Board conference meeting next month, the NYIB said Thursday.

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July 08, 2009

Hold or Sell Mortgages? CU Economists Disagree

NAFCU's Tun Wai and CUNA's Steve Rick both understand why credit unions are booking more mortgages: secondary market prices are deeply discounted, and consumer loans not only bring credit risk, demand for them is low, too.

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July 08, 2009

Frank Introduces Measure to Create Consumer Agency

House Financial Services Committee Chairman Barney Frank has introduced a bill containing the Obama administration's proposal to create a new agency to regulate financial products.

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July 08, 2009

House Panel Approves CLF Hike

The House Appropriations Committee approved a $24.1 billion spending bill that includes a provision giving the Central Liquidity Facility about $40 billion in borrowing authority, which will not be subject to a cap.

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July 08, 2009