Credit Union Times | Accurate and Timely CU News

SBA Inspector General Reviewing Recovery Loan Activity

By Michelle A. Samaad

As part of the usual oversight of any loan program, the SBA's Office of Inspector General said it is reviewing a sample of 300 Recovery Act loans.

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Senate to Vote on Fed Amendment

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Fynanz Gets Backing From 28 State Leagues

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May 10, 2010

ARC Loans Spawn Bigger Ones for First U.S. Community CU

Since the SBA's America's Recovery Capital loan program debuted last summer, First U.S. Community Credit Union has been flooded with applications and the deluge has led to bigger loans for the Sacramento, Calif.-based cooperative.

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May 09, 2010

Consumer Credit Down in March

Although the economy continues to pick up steam, consumers were reluctant to take on new credit for their purchases.

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May 09, 2010

Some CUs Settling Fight With Fannie Mae

Some of the credit unions that lost money when US Mortgage CEO Michael McGrath fraudulently sold some of their loans to Fannie Mae have made progress in coming to a settlement with the mortgage giant and CUNA Mutual Insurance.

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May 09, 2010

IMM Creates iPad App for Loan Docs

An iPad application for credit unions made its debut this week.

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May 09, 2010

Connexus Merging Wausau City Employees CU

The $312 million Connexus Credit Union of Wausau, Wis. announced Monday it expects to complete the merger of the $3 million Wausau City Employees CU by June 1.

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May 09, 2010

Pension Act Reminds Nonprofits to Protect Tax-Exempt Status

As required by the Pension Protection Act of 2006, the IRS is reminding tax-exempt nonprofit organizations they are required to file their Form 990 by May 17 or risk having their federal tax-exempt status revoked.

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May 09, 2010

FIS Up for Leveraged Buyout?

A private equity firm, the Blackstone Group, has launched talks to possibly take over FIS, the card processor for the majority of the nation's card issuing credit unions.

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Top News Stories

SBA Inspector General Reviewing Recovery Loan Activity

Senate to Vote on Fed Amendment

Fynanz Gets Backing From 28 State Leagues

Recommended Just For You

News Stories

ARC Loans Spawn Bigger Ones for First U.S. Community CU

Consumer Credit Down in March

Some CUs Settling Fight With Fannie Mae

IMM Creates iPad App for Loan Docs

Connexus Merging Wausau City Employees CU

Pension Act Reminds Nonprofits to Protect Tax-Exempt Status

FIS Up for Leveraged Buyout?