News

MERIDEN, Conn. -- Members of the Credit Union League of Connecticut (www.culct.coop) are being provided third-party vendor evaluation and due diligence software aimed at helping the 146 credit unions comply with NCUA regulations.

WASHINGTON -- HUD is granting 90-day moratoriums on foreclosures throughout the Gulf Coast area in response to Hurricane Gustav.

LAS VEGAS -- Nevada credit unions were considering plans Monday to stoke up safety soundness communication with members at branches and on Web sites following the failure last Friday of the $3 billion Silver State Bank, sold under a FDIC-arranged purchase deal with Zions Bancorp of Utah.

BATON ROUGE, La. -- Though power outages and phone communication problems were still plaguing parts of the state, Louisiana credit unions Monday were returning to normal business operations.

BROCKTON, Mass. -- An innovative credit union-run center here, designed initially as a deterrent to payday lending, continues to find new community group patrons and is winning accolades as model for what credit unions can do in low- and middle-income outreach.

WASHINGTON -- The government takeover of mortgage giants Fannie Mae and Freddie Mac was necessitated in part by Congress' inaction, White House Press Secretary Dana Perino said today.