News

Patricia Smith, president/CEO of the $804 million Unitus Community Credit Union has been named by the Portland Business Journal as a member of the city's "Top 25 Women in Business."

CUNA and NAFCU wrote lawmakers this week that the language in the financial overhaul bill that would limit the Federal Home Loan Bank Board to a 25% concentration limit would limit their ability to meet their obligations to their members.

The ailing AEA Federal Credit Union of Yuma, Ariz. has a new interim CEO.

Rejected by banks, a Washington-based medical practice made a huge step forward toward opening a 36,000-square foot office building thanks to Commercial Lending Solutions, a Chetco Federal Credit Union-owned CUSO.

Warmer weather, a tax credit for first-time homeowners and improved consumer confidence in the economy combined to cause new home sales to increase 26.7% last month, the Departments of Commerce and Housing and Urban Development reported today.

Western Corporate FCU reported nearly $50 million in new OTTIs in its March financial reports, posted on the San Dimas, Calif.-based corporate's website. (www.wescorp.org)