News

A credit union CEO has confirmed with Credit Union Times that it was approached by NCUA as a possible merger partner with the financially troubled, $1.6 billion Eastern Financial Florida Credit Union.

The NCUA expects so many corporate credit unions to record capital losses their March 31 financials and restated December 31, 2008 financials, its suspended safety and soundness regulations in anticipation.

Clayton Fixed Income Services is examining the books of seized corporates U.S. Central FCU and Western Corporate FCU, the NCUA said today in its weekly corporate credit union update.

FORT LAUDERDALE, Fla. - An executive with Fidelity National Information Services has given some scope to the amount of damage card transactions and volumes have taken due to economic downturn.

Sales of existing homes fell last month as did the median price of those residences, the National Association of Realtors reported today.

FORT LAUDERDALE, Fla.- Lobbyists working for the card brands are gearing up to fight off any attempt to attach an interchange amendment to card reform legislation currently moving through the House and Senate