Credit Union Times | Accurate and Timely CU News

Fryzel Testifies Before Senate Panel

By Claude R. Marx

WASHINGTON -- NCUA Board Chairman nominee Michael Fryzel promised law makers that he would ensure that there is a "healthy and dynamic, arms length relationship with industry, characterized by active listening, open-mindedness, and willingness to work together to achieve a shared goal of a strong and vibrant credit union industry."

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Members United Receives Rating Watch Negative from Fitch

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Halleck: Keeping Equity Lending In-House Minimized Losses

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June 03, 2008

Nearly One-Third of California CUs Report Negative 1st Quarter ROA

SACRAMENTO -- Nearly one-third of all California based credit unions had negative ROA during the 1st quarter 2008, according to statistics from The Watch Report, a credit union data service from Forest Grove, Ore.-based Bartoo Associates. That number, 32.59%, has more than doubled from 1st quarter 2007, when only 15.80%...

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June 03, 2008

On-Site Coverage: CUs Stand Test of Time, Economists Say

LEDYARD, Conn.--Credit unions are pretty squeaky clean in their business practices but that won't exempt them from feeling the pinch of the current mortgage markets. However, it could open up some opportunities.

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June 03, 2008

On-Site Coverage: Corporates Don't Invest on Ratings Alone

LEDYARD, Conn. -- While the credit union community and others are experiencing the effects of an unprecedented market, Members United Corporate Federal Credit Union CEO Joe Herbst assured that the corporate was weathering the storm just fine.

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June 03, 2008

Interstate Branching on Northwest Upswing

PORTLAND, Ore. -- The Northwest is now becoming a credit union hot spot for interstate branches.

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June 03, 2008

Allied Solutions Buys MJB Insurance Services

CARMEL, Ind. -- Allied Solutions LLC has bought MJB Insurance Services Inc., a provider of financial products and services and insurance to credit unions in Kansas, Missouri and Nebraska.

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June 03, 2008

Anti-Payday Moves Open CU Doors, Say Leagues

DUBLIN, Ohio -- Credit unions here and in Pennsylvania were expecting this week to be stepping up their promotion of payday alternative products, including StretchPay and Better Choice, in the wake of major legislative and regulatory setbacks to the payday industry.

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June 03, 2008

VA Credit Union League Backs Mark Warner for U.S. Senate

WASHINGTON--Saying he is a "friend and fan of member-owned credit unions,'' the Virginia Credit Union League is backing former Gov. Mark Warner for the open U.S. Senate seat there.

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Top News Stories

Fryzel Testifies Before Senate Panel

Members United Receives Rating Watch Negative from Fitch

Halleck: Keeping Equity Lending In-House Minimized Losses

Recommended Just For You

News Stories

Nearly One-Third of California CUs Report Negative 1st Quarter ROA

On-Site Coverage: CUs Stand Test of Time, Economists Say

On-Site Coverage: Corporates Don't Invest on Ratings Alone

Interstate Branching on Northwest Upswing

Allied Solutions Buys MJB Insurance Services

Anti-Payday Moves Open CU Doors, Say Leagues

VA Credit Union League Backs Mark Warner for U.S. Senate