Credit Union Times | Accurate and Timely CU News

Loan Delinquencies at Banks Fell in 4th Quarter

By Claude R. Marx

Loan delinquencies declined in eight of the 11 loan categories tracked by the American Bankers Association in the last quarter of 2009, the second consecutive overall quarterly improvement, the association announced today.

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Reg E Forces Overdraft Changes

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CU Shows Strong Mortgage Activity in March

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April 06, 2010

Ambac Restructuring Could Mean Bad News for Corporate-Held MBS

The Wisconsin-based monoline insurer subsidiary of Ambac Financial Group has restructured its residential mortgage-backed securities guarantees into a separate,

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April 06, 2010

New Core Processing Startup Lands First CU Users

A pair of California credit unions will be the first users of a new core processing platform from a startup company formed by some well-known industry veterans.

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April 06, 2010

Former Texans CUSO CEO May Be Last in Line to Get Paid, If At All

Until creditors "holding a higher priority" are paid in full as Texans Insurance Group reorganizes under bankruptcy cover, it remains to be seen if the former CUSO's CEO will see any part of a $21 million order.

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April 06, 2010

Albert Gonzalez, Mastermind Heartland Hacker, Gets 20 Years

Albert Gonzalez, the hacker who led a multinational group of friends and associates through some of the biggest retail hacks of card data in history,

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April 06, 2010

Illinois League Merchant Alliance Aims to Help CUs Tap Small Biz Market

For many credit unions, the sweet spot in the small business market is the mom-and-pop sector-those shops that generate respectable annual revenue and employ a handful of staffers.

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April 06, 2010