News

Credit union market share of auto loans is on the rise reaching 24% compared to 14% a year ago with perhaps some of the credit going to the Invest in America program with General Motors and Chrysler Corp., the Michigan Credit Union League said this week.

U.S. Central Federal Corporate Credit Union and Western Federal Corporate Credit Union, NAFCU today urged the agency's board to ask Congress to spread out the NCUSIF repayment period over eight years.

The SBA's top credit union lender in the country, Mountain America Credit Union, said it helped create 700 jobs in Utah last year.

Callahan & Associates President Chip Filson suggested that interested parties should consider filing suit against NCUA for the conservatorship of U.S. Central Federal Credit Union and Western Corporate Federal Credit Union.

Reminding listeners that credit unions are still lending, Sheilah Montgomery, president/CEO of 1st Choice Credit Union,

Whether it is getting TARP funds for credit unions or gaining support for expanding the use of the Central Liquidity Facility,