Credit Union Times | Accurate and Timely CU News

Feds Close Two Banks

By Claude R. Marx

WASHINGTON -- Federal regulators closed two banks owned by First National Bank Holding Company of Scottsdale, Ariz.

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Large Card Issuers Posting Slower Card Growth

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Banks' Business Lending Spigot Continues to Drip

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July 28, 2008

Banks' Business Lending Spigot Continues to Drip

NEW YORK -- This time last summer, banks were eager to issue commercial loans without any pressing concerns on whether a borrower could manage the payments. However, banks are now much pickier about who gets the loans, especially among newer and smaller businesses, the New York Times reported today.

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July 28, 2008

C3 Users Reduce Vault Cash By More Than $100,000 Per Branch

ATLANTA -- Credit unions with more than $300 million in assets keep too much cash on hand--more than $100,000 per branch on average, according to financial institution profit consultants Ceto and Associates.

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July 28, 2008

WH Projects Budget Deficit to Hit $482 billion

WASHINGTON -- Decreased revenues because of a slowing economy, coupled with increased payments from the stimulus payments to taxpayers and the cost of the Iraq war, will result in a record federal deficit of $482 billlion, the Bush administration said today.

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July 28, 2008

Secure Identity Systems Joins Phish Fight

BRENTWOOD, Tenn. -- Anti-phishing services have been added to the identity theft prevention and resolution products offered by Secure Identity Systems.

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July 28, 2008

Secure Identity Systems Joins Phish Fight

BRENTWOOD, Tenn. -- Anti-phishing services have been added to the identity theft prevention and resolution products offered by Secure Identity Systems.

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July 28, 2008

Community Business Lenders Protects Iowa Investment Following $12 Million Suit

DES MOINES, Iowa -- While Community Business Lenders works to recoup $11.9 million in defaulted loans from residential developer Regency Cos., the CUSO said it is also talking with regulators, private guarantors and those who have expressed interest in purchasing the 76.1 acres of land.

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July 28, 2008

Does Falling Travel Threaten Even More Card Interchange Cuts For CUs?

SAN FRANCISCO -- Summer travel among CU members often boosts CU credit card balances, but this year twin specters of rising prices and a slowing economy appear to threaten the seasonal windfall.

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Top News Stories

Feds Close Two Banks

Large Card Issuers Posting Slower Card Growth

Banks' Business Lending Spigot Continues to Drip

Recommended Just For You

News Stories

Banks' Business Lending Spigot Continues to Drip

C3 Users Reduce Vault Cash By More Than $100,000 Per Branch

WH Projects Budget Deficit to Hit $482 billion

Secure Identity Systems Joins Phish Fight

Secure Identity Systems Joins Phish Fight

Community Business Lenders Protects Iowa Investment Following $12 Million Suit

Does Falling Travel Threaten Even More Card Interchange Cuts For CUs?