News

The real estate crisis, hitting across the country, has put 1 million homes in the hands of banks and credit unions with home loan delinquencies now topping 10%, CUNA Mutual Group's Jeff Post told Southeast CU conferees Thursday.

The votes are tallied and the results are in. The CUES Next Top Credit Union Executive six regional finalists have been announced.

For some credit unions, it may be taking longer to fill senior lending positions because candidates may lack the ability to think strategically, said Bill Vogeney, secretary and treasurer for the CUNA Lending Council.

Credit unions in Michigan looking to launch or jumpstart their stalled SBA lending programs are invited to attend two, free training sessions in July.

Credit unions with card portfolios worth over $1 million saw their card charge offs at record levels in the first quarter of 2010, but their delinquencies dropped slightly according to NCUA data.

Credit unions need to be more tough-minded on loan modifications, willing to say "no" but still look for ways to accommodate borrowers with alternative products, a Florida regulator told CU executives Wednesday.

Alexandria, Va. --The NCUA Board is approved a 13.4 basis point assessment for federally insured credit unions to help the Corporate Stabilization Fund repay the Treasury Department.

Does a payday loan alternative program have to be unprofitable to be good for members?