Credit Union Times | Accurate and Timely CU News

SBA Touts Loan System Overhaul Five Years After Katrina

By Michelle A. Samaad

The SBA looked to the owners of a New Orleans seafood processor as an example of how the agency said it was not prepared to handle the deluge of relief requests after Hurricane Katrina.

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PFM Survey Finds Interest Outrunning Adoption

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Kappa Alpha Appeals Anew for Industry Backing

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August 25, 2010

Citing Housing Stats, Reed Warns of Tougher Exams

Credit union attorneys were being warned Thursday to prepare their clients for much tougher scrutiny from examiners on loan portfolios, performance ratios and much more given the negative economic climate.

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August 25, 2010

Two Canadian CUs Eye Merger

Ontario, Canada may have its first major credit union merger in years.

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August 25, 2010

Red River CU on Top 10 Best Employee Financial Security List

Red River Credit Union has the distinction of being the only credit union selected as one of The Principal 10 Best Companies for Employee Financial Security.

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August 25, 2010

IRA Investors Faithful to Regular Contributions

Individual retirement account holders tend to stick with regular contributions and increase their deposits each year, according to an industry survey.

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August 25, 2010

Credit Card Debt and Delinquencies Down

The average outstanding credit card balance was $4,951 during the second quarter, a drop of 13.4%, according to a report issued by the credit reporting company TransUnion.

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August 25, 2010

Retained Earnings Cover OTTIs at Members United

The $8.9 billion Members United Corporate FCU yesterday reported a $4.6 million net loss for July 2010, driven by $8 million in new other-than-temporary-impairments from its latest investment review.

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August 24, 2010