Credit Union Times | Accurate and Timely CU News

Accounting Problems Continue to Haunt Fannie Mae

By Staff Writer

WASHINGTON - Two years after federal regulators first accused Fannie Mae of serious accounting problems and earnings manipulation to meet Wall Street targets, and the Securities and Exchange Commission ordered it to restate earnings back to 2001, Fannie Mae's accounting nightmare apparently isn't over yet.

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Prime Alliance Recognizes Mortgage CUSOs, CUs, Lenders for Special Efforts

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Massachusetts CU Receives Recognition from Immigrants

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May 30, 2006

Selling on the Secondary Market Helps CUs Increase Liquidity, Lessen Balance Sheet Risk

WASHINGTON - Tightening liquidity fueled by decreasing member deposit growth and increasing loan demand has heightened credit unions' vulnerability to balance sheet risk. The secondary market, offered Callahan & Associates in a recent Webinar, is positioned to help CUs mitigate that risk while giving them the opportunity to increase liquidity.

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May 23, 2006

Lots of Conference Action

There were a few key conferences held recently and Credit Union Times was there to provide on-site coverage. See conference coverage on pages 26-27 and page 50.

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May 23, 2006

Special Report: Check 21/Image Exchange

Credit unions are still waiting for full-blown image exchange to take off, but many are finding substantial cost savings in forwarding items electronically. Pages 22-24.

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May 23, 2006

PCUA Elects Board, Honors Volunteer

HARRISBURG, Pa. - The Pennsylvania Credit Union Association Board of Directors has re-elected its chairman and vice chair.

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May 23, 2006

14B ACH Payments in 2005; Doubles in Five Years

SAN DIEGO - Automated clearinghouse payments were up 16.2% in 2005 over 2004 to nearly 14 billion transactions, NACHA recently reported.

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May 23, 2006

Key Credit Union Bills Dead This Session, Says Utah Congressman

LAYTON, Utah - Credit union trade groups have known for some time that key industry bills are dead for this session in Congress, but that message also got delivered by a Utah Congressman to the Utah League of Credit Unions at its annual meeting convened here last week. "Nothing will...

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May 23, 2006

NACHA Issues Rulemaking on Back Office Conversions

SAN DIEGO - During its recent PAYMENTS 2006 conference, NACHA announced the approval an amendment to its operating rules to permit retailers and billers that accept checks at the point-of-sale to convert eligible checks to ACH debits in the back office.

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Top News Stories

Accounting Problems Continue to Haunt Fannie Mae

Prime Alliance Recognizes Mortgage CUSOs, CUs, Lenders for Special Efforts

Massachusetts CU Receives Recognition from Immigrants

Recommended Just For You

News Stories

Selling on the Secondary Market Helps CUs Increase Liquidity, Lessen Balance Sheet Risk

Lots of Conference Action

Special Report: Check 21/Image Exchange

PCUA Elects Board, Honors Volunteer

14B ACH Payments in 2005; Doubles in Five Years

Key Credit Union Bills Dead This Session, Says Utah Congressman

NACHA Issues Rulemaking on Back Office Conversions