Credit Union Times | Accurate and Timely CU News

Citigroup Drops Opposition to Mortgage Rewrite Measure

By Claude R. Marx

WASHINGTON - A bill allowing judges to rewrite the mortgages of people filing for bankruptcy won't be opposed by Citigroup, but still has a way to go before passing.

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FASB Decision Won't Help Corporates

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Some Large Bank Card Issuers Back With 0% Transfer Offers

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January 07, 2009

MEMBERS Trust Makes Exchange-Traded Fund Cut

TAMPA, Fla. -- Barclays Global Investors iShares has selected MEMBERS Trust Company for inclusion in its inaugural Exchange-Traded Fund Managed Solutions guide, the only credit union-linked entity to make the cut.

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January 07, 2009

Bond Announces Retirement from Senate

WASHINGTON - Sen. Christopher Bond (R-Mo.) a key player on housing issues, said today he will not seek a fifth term when he is up for re-election in 2010.

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January 07, 2009

CUSO Upgrades Core Platform

LIBERTY LAKE, Wash. - CU*NorthWest has upgraded its CU*BASE GOLD core processing solution, the CUSO said.

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January 07, 2009

Congress Set to Ratify Obama's Election

WASHINGTON - Although Barack Obama has been called president-elect since election night, Congress will officially give him the title today.

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January 07, 2009

Motorola's Pension Freeze Sign of the Times

SCHAUMBURG, Ill. -- Members of Motorola Employees Credit Union are probably not too surprised to hear that Motorola Inc. has made the decision to permanently freeze its U.S. defined benefit pension plans.

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January 07, 2009

Federation Cheers Chartering New CDCU

ATLANTA -- The National Federation of Community Development Credit Unions is cheering NCUA's chartering of a new CDCU in Georgia even as it highlights the growing difficulty facing groups seeking to found new CUs.

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January 06, 2009