News

WEST PALM BEACH, Fla. - If there's one word that can be used to describe the mortgage market in 2005 it's `change.' Not only did the year see the end of the refinance market that boasted the lowest interest rates in years and the emergence of many so-called exotic loan...

ALEXANDRIA, Va.-With just one member each from opposing political parties serving on the three-member NCUA Board for most of 2005, some decisions were postponed until an agreement could be reached. But as of November, the NCUA Board returned to its full complement with the resignation of NCUA Board Member Debbie...

COLUMBIA, Md. - The credit union industry has known its share of credit union and league mergers that almost reached the contract signing stage only to be called off at the last minute, to the surprise of many, because of a variety of reasons. That though was not the case...

MADISON, Wis. - The member count in 2004 had nearly stalled but this year looked a bit more promising. Earlier this year, industry estimates showed the industry would have nearly 88 million members by the end of 2005. The latest update from CUNA Mutual Group's Credit Union Trends Report shows...

WASHINGTON - Whether and how credit unions and banks accept the so-called Matricula Consular as identification from new account openers continued controversial in 2005 as the issue became ensnared in the nation's broader conversation about immigration policy. The Mexican Government issues Matricula Consular cards for Mexican nationals who are living...

NCUA has had a bit of turnover at the highest levels. NCUA Board Member Debbie Matz announced her resignation this fall and is currently looking for a job, preferably within credit unions. In the meantime, Vice Chairman Rodney Hood and Board Member Gigi Hyland have joined the board. Additionally, Matz'...