Credit Union Times | Accurate and Timely CU News

Backup Power Saves Day for Beaumont CU

By Jim Rubenstein

BEAUMONT, Texas -- For scores of hurricane-battered Louisiana and Texas credit unions, backup generators turned into key life savers Monday and in a city of 100,000 like this without power a generator was indeed a business luxury.

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Lehman, Merrill Shakeups 'Not Enron'

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HMDA Data Indicates Racial Disparities in Lending

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September 15, 2008

HMDA Data Indicates Racial Disparities in Lending

WASHINGTON -- Denial rates for home borrowers based on race widened significantly from 2006 to 2007, according to Sen. Chris Dodd (D-Conn.), chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs. Dodd's office examined Home Mortgage Disclosure Act data recently released by the Federal Reserve.

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September 15, 2008

On Site Coverage: NBC's Gregory Says Voters Use a Range of Criteria

WASHINGTON -- While the issue positions of presidential candidates are important, voters often make their choice based on emotional considerations, NBC News Chief White House Correspondent said in today's keynote address at NAFCU's Congressional Caucus.

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September 15, 2008

In Assessing Ike, CUNA Mutual Cites On-Site Barriers

MADISON, Wis. -- In a Hurricane Ike update Monday, CUNA Mutual Group said its on-site catastrophe adjusters continue to have difficulty contacting policyholders because of ongoing search and rescue operations and evacuation orders barring residents returning to their homes.

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September 15, 2008

On Site Coverage: NCUA's Hood Pushes Safe Risk Taking

WASHINGTON -- No credit union is too small or too large to develop comprehensive risk mitigation strategies, NCUA Vice Chairman Rodney Hood told attendees at NAFCU's Congressional Caucus today.

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September 15, 2008

On Site Coverage: McCain and Obama Aides Decline to Weigh in on CU Issues

WASHINGTON -- Conceding that they had not discussed the issues with their bosses, economic advisers to presidential candidates John McCain and Barack Obama declined today to take a position on risk-based capital or increasing member business loans.

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September 15, 2008

Texas League Eyes Massive Job in Assessing Ike Damage

FARMERS BRANCH, Texas -- The Texas Credit Union League said Monday the scope of destruction from Hurricane Ike on vast areas of the Texas coast has made the job of assessing damage and property loss to CU employees and members a massive undertaking.

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September 15, 2008

Message to Members: Don't Panic, Keep Eye on Long Term

MADISON, Wis. -- While the collapse of Lehman Brothers and sale of Merrill Lynch would understandably send nervous shivers down investors' backs, members are being advised to take a deep breath, don't panic and keep in close contact with their financial advisors.

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Top News Stories

Backup Power Saves Day for Beaumont CU

Lehman, Merrill Shakeups 'Not Enron'

HMDA Data Indicates Racial Disparities in Lending

Recommended Just For You

News Stories

HMDA Data Indicates Racial Disparities in Lending

On Site Coverage: NBC's Gregory Says Voters Use a Range of Criteria

In Assessing Ike, CUNA Mutual Cites On-Site Barriers

On Site Coverage: NCUA's Hood Pushes Safe Risk Taking

On Site Coverage: McCain and Obama Aides Decline to Weigh in on CU Issues

Texas League Eyes Massive Job in Assessing Ike Damage

Message to Members: Don't Panic, Keep Eye on Long Term