News

Michael Williams, who has been Fannie Mae's chief operating officer and executive vice president since 2005, was named the new president/CEO today.

Two subcommittees of the House Financial Services are likely to hold a hearing next month on the problems facing corporate credit unions and the NCUA's proposal for creating a temporary stabilization fund, several sources told Credit Union Times.

Credit card issuers will be playing defense in Washington during the next few days.

Sen. Patty Murray (D-Wash.) has enlisted the help of several credit union leaders to enlist support for her measure to provide funding for financial literacy programs.

PSCU Financial Services announced that it has extended its offer of preferential relationship pricing to credit unions that sign a binding letter of intent to move their business to the cooperative.

Summit Credit Union of North Carolina, which has long experience in operating multiple credit unions, said this week it is taking its expertise to new levels by "reaching out to small credit unions" across the state to allow name and structure retention.