News

Federal regulators issued a statement today urging financial institutions to work with homeowners in danger of falling behind in their mortgage payments as interest rate rise.

The planned merger of WesCorp with VolCorp included a capital payout plan whereby WesCorp would return VolCorp's member capital over a 20-year period.

Last month's merger announcement of Southwest Corporate and Northwest Corporate and yesterday's announcement of a potential WesCorp/SunCorp merger have corporate credit union leaders talking about the future of the network.

Last month's merger announcement of Southwest Corporate and Northwest Corporate and yesterday's announcement of a potential WesCorp/SunCorp merger have corporate credit union leaders talking about the future of the network.

Without stating whether it plans to comply with NCUA's request to discontinue its offer of $200 payments to Continental Federal Credit Union's members, Wings Financial FCU said it is evaluating the regulator's position.

Newtek Business Services, Inc. has partnered with AIG Small Business to market its services to the international insurance organization with operations in more than 130 countries and jurisdictions.