News

WASHINGTON -- NCUA Chairman Michael E. Fryzel said the House bill passed today on illiquid asset purchases and deposit insurance will strengthen his agency's ability to regulate during the current economic downturn.

FARMERS BRANCH, Texas -- As part of the industry's invigorated safety and soundness campaign, the Texas Credit Union League said Friday it is now offering its members a safety and soundness tool kit to assist in conveying the CU insurance message.

WASHINGTON -- In a dramatic reversal of its vote four days ago, the House today approved 263-171 a bill to create a $700 billion fund to purchase illiquid assets from credit unions and other financial institutions and temporarily raise the amount of deposit insured by the federal government.

WASHINGTON -- In a dramatic reversal of its vote four days ago, the House today approved 263-171 a bill to create a $700 billion fund to purchase illiquid assets from credit unions and other financial institutions and temporarily raise the amount of deposit insured by the federal government.

WASHINGTON -- Freddie Mac yesterday released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage averaged 6.10% with an average 0.6 point for the week ending Oct. 2, 2008, up from last week when it averaged 6.09%. Last year at this time, the 30-year FRM...

WASHINGTON -- Credit unions should not question the safety of bank deposits in an effort to gain more members, NCUA Chairman Michael E. Fryzel wrote in a letter to the leaders of federal credit unions.