News

A top official of NCUA and representatives of CUNA and NAFCU are scheduled to testify at a Senate hearing tomorrow on deposit insurance.

The cost of mortgages and other loans could decline as a result of today's decision by the Federal Reserve to buy up to $300 billion of Treasury securities during the next six months and an additional $750 billion worth of mortgage-backed securities.

Wauna Federal Credit Union President/CEO Robert Blumberg, Mohawk Valley CU CEO Crystal Sicilia, and City Federal CU CEO Kevin M.

The U.S. Treasury Department's Community Development Financial Institutions Fund has reopened the 2009 applications period for credit union and other CDFIs to obtain money appropriated in the recent economic stimulus package.

Responsible Debt Relief algorithm creator Dr. Robert Manning told the Credit Union Times he's been working with the agency to create an opinion letter regarding the program so credit unions can implement it.

Edgar F, Callahan, who as chairman of NCUA, a credit union CEO and outside consultant was a key figure in the credit union movement, died today in Sacramento, California, he was 80.