News

RENO, Nev. -- When it comes to core deposit strategy, CDs are about as fashionable as gas guzzling SUVs in a $4 per gallon economy.

WASHINGTON -- Bill Spearman, CEO of the $590 million Mid-Hudson Valley Federal Credit Union, gave members of the House of Representatives Small Business Committee a credit union perspective on the use of credit cards to finance small-business start ups and CUs' role in small-business lending.

SALT LAKE CITY -- Culminating five years of talks, the $2.4 billion Mountain America Federal Credit Union is merging with the 67-year-old Salt Lake CU, which retains a 26,500-member base of city employees and SEG groups.

WASHINGTON -- In a further retrenchment of its mortgage business, Washington Mutual Inc., announced the closing of its wholesale mortgage operation and home loan retail centers across the country.

WARNER ROBINS, Ga. -- Who says learning can't be fun?

WASHINGTON -- U.S. Housing Secretary Alphonso Jackson announced on March 31 that he would resign his post effective April 18, citing family matters for his resignation.