Credit Union Times | Accurate and Timely CU News

SBA Loan Demand Drops 50%

By Michelle A. Samaad

WASHINGTON -- Due in part to less creditworthy applicants, the Small Business Administration said loan activity in August and September declined by more than 50% compared to the same period in 2007.

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Fed to Buy Unsecured Debt of Companies

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October 07, 2008

CUs Should Seek Alternative Capital, Attorney Says

WASHINGTON -- Credit unions declined to comment on the immediate effect of the financial rescue plan signed into law lastFriday. But one attorney suggests that CUs look for alternative sources of capital and to Europe for new loan products.

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October 07, 2008

CUs Should Seek Alternative Capital, Attorney Says

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October 07, 2008

More than 60 FIs Commit to DI-Intuit Offering

CALABASAS, Calif. -- More than 60 financial institutions have deployed, are in the process of implementing or have contracted to use the new FinanceWorks online financial management solution from Digital Insight, the company said.

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October 06, 2008

Dow Jones Takes Another Record Plunge

NEW YORK -- Nearly a week after setting the worst one-day point drop in history, the Dow Jones Industrials broke that record today, plunging 800 points, and then recovering some of that ground and closing down nearly 370 points.

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October 06, 2008

Fed To Pay Interest on Financial Institution Deposits; Increase Lending Capability

WASHINGTON -- Financial institutions will soon be receiving interest on the money they are required to keep on deposit with the Federal Reserve, the agency announced today.

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October 06, 2008