News

The National Federation of Community Development Credit Unions wants more credit unions, and community development credit unions in particular, to find more ways to offer mortgages to their members.

The Fed and the Office of Thrift Supervision have released a revised Consumer Handbook on adjustable-rate mortgages called the CHARM booklet. The new information includes both the features and risks involved with "interest-only" and "payment option" mortgages.

Port Credit Union officially merged with Valley Communities Credit Union on Jan. 1.

Effective Jan.1, South Texas Healthcare Federal Credit Union merged into UNITED SA Federal Credit Union.

Several employees of the $720 million Elevations Credit Union spent eight harrowing hours stuck in their vehicles during the back-to-back snowstorms that crippled large portions of Colorado during the holidays.

AEGON Direct Marketing Services, Inc. has signed an agreement to assume AIG American General's Financial Institution Solutions Credit Life business.