Credit Union Times | Accurate and Timely CU News

Another Payday Loan Report Calls Out Some CUs

By David Morrison

Some credit unions are still making small value, short term loans that they say are not payday loans, but really they still are, according to a report developed by the National Consumer Law Center.

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First Carolina Commences Week's Corporate Annual Meetings

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CU Grew Strongly Under Convicted CEO

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June 10, 2010

New Jersey Senate Says CUs Can Take Public Deposits

The New Jersey Senate helped credit unions reach a milestone Thursday when it passed a bill enabling counties, school boards, municipalities and local government entities to use CUs as depositories.

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June 10, 2010

Mortgage Fraud Crackdown Reportedly Coming

The FBI is not commenting, but media outlets this morning are reporting that the agency is preparing a significant nationwide crackdown on mortgage fraud.

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June 10, 2010

Regulators Green Light CU Purchase of Bank Assets

All three federal regulators with a say in the matter have given a green light of Royal Credit Union's purchase of a struggling bank's assets.

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June 10, 2010

Sperry Associates Hit With Letter of Understanding

The NCUA today issued a Letter of Understanding and Agreement with the officials of $360 million Sperry Associates Federal Credit Union of Garden City Park, New York.

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June 10, 2010

Oregon, Washington Leagues Set Merger for 2011

The Credit Union Association of Oregon and the Washington Credit Union League announced plans Thursday to merge, effective next January.

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June 10, 2010

CUNA Mutual Offers Secondary Market Webinars

Credit unions seeking information about how to better use and manage the secondary market for their mortgage operations might find two upcoming webinars from CUNA Mutual helpful.

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June 10, 2010