News

The Pine Brook, NJ-based U.S. Mortgage Corp., and its CU National Mortgage subsidiary, announced today that it has filed Chapter 11 Bankruptcy.

President Barack Obama's fiscal year 2010 budget authorizes $28 billion in loan guarantees and an appropriation of approximately $700 million for the agency.

Analysis of 2008's credit union data showed that credit union members kept using their credit cards in 2008, despite the onset of harder economic times.

A longtime Canadian customer has committed to the newest version of Open Solutions Inc.'s core processing platform for credit unions, the company said.

NAFCU today asked NCUA for details about the terms of the agency's contract with the company that is reviewing all of the investments of corporate credit unions.

ALEXANDRIA, Va. -- The increased revenues from premiums and recapitalization are offsetting some of the losses to the NCUSIF and the fund's net income was $150 million last month, the NCUA board was told today.