News

A dramatic shot of the April 27 Alabama tornado across the street from a branch of the $520 million Listerhill CU was released Tuesday following the photo’s appearance on a teller’s Facebook page.

CUNA and NAFCU want the complaint process at the new consumer bureau to be less burdensome for credit unions and not publicize unwarranted complaints against financial institutions.

GREENBELT, Md. — Saying that the NCUA and other regulators are marching toward “regulatory extremism,” the leader of a movement aimed at pressuring Congress to make changes to the NCUA last night outlined the extent of his frustrations with the status quo.

The total number of auto loans originated in January 2011 is up nearly 24% over January 2010 originations, according to Equifax’s National Credit Trends Report for March 2011.

WASHINGTON — Credit unions could capture a bigger portion of the market for distressed properties if they could consistently approve mortgage applications in less than 30 days, according to a mortgage finance executive.

CEO Lee Butke expects 850 natural member credit unions to sign on by year end.

NCUA has given the green light to an organizing committee to proceed with forming a payments corporate out of the present payments-related functions at U.S. Central Bridge.

The NCUA has added counties in Iowa, Kentucky, Mississippi and Tennessee and parishes in Louisiana to its disaster response efforts as a result of the Obama administration’s additional declarations of disaster areas following the recent tornadoes and storms.