Credit Union Times | Accurate and Timely CU News

Stimulus Could Include CDFI Funds

By David Morrison

WASHINGTON -- While the final version of the legislation has yet to be passed, the federal stimulus package will likely to include $100 million for the Community Development Financial Institutions and thus may be accessible by some credit unions.

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CUMAnet Snagging Some CU National Mortgage Clients...and Employees

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Fitch's Individual Ratings Warn of More Corporate Losses

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February 11, 2009

Credit Union 24 Announces Boost to Participating CU Interchange

TALLAHASSEE, Fla. -- Credit Union 24, the CU-owned ATM and point of sale network announced that changes in its POS interchange model has resulted in 20% more interchange income for its participating member CUs.

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February 11, 2009

Gregg Withdraws as Commerce Secretary

WASHINGTON - Citing strong policy differences with the Obama administration in two key areas, Sen. Judd Gregg (R-NH) announced today he is no longer interested in being secretary of commerce.

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February 11, 2009

Retail Sales Increase Slightly

WASHINGTON -- Consumers opened up their wallets a bit more last month but there is still a long way to go before purchasing is at the levels of last year.

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February 11, 2009

Fitch Predicts Corporates Will Lose All PIC II Capital

NEW YORK - In Fitch's Feb. 10 ratings action, the company said retail corporates will lose all of the $450 million PIC II capital they invested in U.S. Central just six weeks ago.

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February 11, 2009

"Yelling and Screaming" Should Stop, Urges Conn. Regulator

The decibel of name-calling and recrimination about the corporate system needs to give way toward reasoned approaches on insurance fund recapitalization, according to the state's top regulator, Howard Pitkin.

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February 11, 2009

11th-hour Analysis Sunk U.S. Central's Loss Figures

LENEXA, Kan. - Late yesterday, U.S. Central cleared up some of the "who knew what when" mystery surrounding the aggregate corporate's $1 billion bailout and resulting insurance premium levy on credit unions.

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February 11, 2009

Caribbean CU Chair to Keynote AACUC Reception

SHREVEPORT, La. -- Melvin Edwards, chairperson of the Caribbean Confederation of Credit Unions, will be the guest speaker at the African American Credit Union Coalition's Feb. 24 networking meeting and reception.

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Top News Stories

Stimulus Could Include CDFI Funds

CUMAnet Snagging Some CU National Mortgage Clients...and Employees

Fitch's Individual Ratings Warn of More Corporate Losses

Recommended Just For You

News Stories

Credit Union 24 Announces Boost to Participating CU Interchange

Gregg Withdraws as Commerce Secretary

Retail Sales Increase Slightly

Fitch Predicts Corporates Will Lose All PIC II Capital

"Yelling and Screaming" Should Stop, Urges Conn. Regulator

11th-hour Analysis Sunk U.S. Central's Loss Figures

Caribbean CU Chair to Keynote AACUC Reception