News

Federal Reserve Chairman Ben S. Bernanke told lawmakers today that his agency's actions had helped avoid making the recession worse, though conceded that they could have done more.

Card Analysis Solutions, a CU card consultancy run by Ondine Irving, has launched a Web site designed to help consumers find consumer-friendly credit union credit cards.

COCC has elected Tina Sbrega, president of GFA Federal Credit Union in Gardner, Mass., to a three-year term on the board of directors.

Credit unions and banks would be encouraged to make small loans to low-income consumers by the creation of a fund to help them recover the majority of a lost loan, under a bill introduced today by Sen. Herb Kohl (D-Wis.).

A Callahan & Associates Webinar reporting on credit unions' third quarter performance has drawn attention to how credit unions have stepped in to help consumers meet their credit needs as banks have retreated from the market.

Rep. Paul Kanjorski (D-Pa.) urged House Speaker Nancy Pelosi to include the provisions of his bill to lift the cap on member business lending from 12.25% to 25% in any job-creation bill that the House considers.

With the economic blight in Michigan, the $240 million OMNI Community, is using the year-end special dividend as a way to promote its own "Economic Stimulus Package" with a Jan. 8 payout of $750,000.

The NCUA spends too much money.