News

WASHINGTON -- Applications for refinancing mortgages increased 67% over the last three months, compared with the previous period, according an NAFCU Flash survey released today.

MADISON, Wis. -- Even as membership gains continued into the spring, more than two dozen billion dollar credit unions that are among those that hold 25% of the industry's assets reported declines in the first quarter.

CHICAGO--Fitch Ratings has assigned another corporate a Rating Watch Negative, this time assigning Southwest Corporate CU a long-term IRD AA- rating. According to Fitch, the negative rating reflects a concern the $14 billion corporate could experience some investment losses.

PALO ALTO, Calif. -- Forget the lattes, at The Addison Caf?(C) (http://theaddisoncafe.com), it's all about serving up a financial resource for Generation Y consumers.

WASHINGTON -- Encouraging credit unions to make special provisions to expedite the loan-approval process and liberalize the terms of some of those loans are parts of the disaster-relief policy activated by NCUA in response to the storms and tornadoes in Iowa and Indiana.

MADISON, Wis. -- With flooding attention of credit unions now being shifted to areas along the Mississippi River, CUNA Mutual Group predicted Friday damage and casualty claims seem certain to rise as more flood-related evacuations take place in communities in rain-soaked Iowa and Wisconsin.