News

Baby boomers in Canada may have unrealistic hopes about how much they can save in the few years before they retire but many are still optimistic about their personal financial situation.

Even though the federal pay freeze moving through Congress only applies to executive branch agencies, the NCUA Board should have it apply to the agency's employees, CUNA President/CEO Bill Cheney wrote NCUA Chairman Debbie Matz today.

NCUA's Inspector General believes that the $145 million Beehive Credit Union, headquartered in Salt Lake City, Utah, has failed or will fail, but the state regulator disagrees.

Xtend Inc. said it has reached the 3,000 mark in the number of mortgage loans supported by the CUSO as it reaches the end of its third year offering the service.

Geezeo made it an even dozen with the signing of the $1.3 billion University Federal Credit Union of Austin, Texas, as the newest user of its personal financial management and Internet banking marketing platforms.

The NCUA completed its fourth and final guaranteed note transaction of 2010 on Friday and the securitizations have had proceeds of $17.75 billion.