News

The numbers of properties in some part of the foreclosure process dropped by 4% nationwide in October but still remain at the level they held in October 2009, according to RealtyTrac.

Timed to Veterans Day, the $340 million Global Credit Union has launched a "Veterans Day Car Sale" with rates at 2.99%, far below the current 3.99% APR "and significantly lower than the national average of 4.36% APR at credit unions and 5.84% for banks."

Consumers living in Washington DC and its surrounding area have the highest monthly payments in the nation for bills that include credit card, car loan and lease or mortgages, according to Experian.

The head of Randolph-Brooks Federal Credit Union in Texas said Saturday's CUNA Corporate Summit in Chicago will be a pivotal conclave where key decisions on the future of corporate services and structure might be made.

The NCUA plans to issue projections for the range of costs to credit unions next year for shoring up NCUSIF and repaying part of the Treasury Department's loan to the Temporary Corporate Credit Union Stabilization Fund at its Nov. 18 meeting.

Diane Whitaker, the former president/CEO of the liquidated Ensign Federal Credit Union, told Credit Union Times in 2007 that she had early concerns with North Star Business Services LLC, a business lending CUSO now facing a suit from the NCUA.