News

OmniAmerican Bank, the former OmniAmerican Credit Union, headquartered in Fort Worth is one of the financial institutions that was allegedly hacked by a noted hacker who has been arrested in Canada and awaits extradition.

With a $10,000 incentive, seven families have until the end of the year to prove that they have what it takes to improve their financial lives.

Michigan credit unions showed significant growth in deposits, new auto loans and small business loans, according to fourth-quarter data from the Michigan Credit Union League.

Larger goodwill loan amounts will be considered on a case by case basis through Aug. 31, the Small Business Administration said in response to lenders concerns.

For the time being, several CUSOs with ties to WesCorp said it's business as usual days after NCUA placed one of the country's largest corporates into conservatorship.

If anything, the recent corporate conservatorships prove that risk analysis can ward off problems down the road, according to ALM First Financial Advisors LLC, which bought WesCorp's $1.7 billion investment book of business in 2006.