News

The SBA said it has proposed increasing size standards for 71 types of businesses with most in the retail, hotel and food service sectors in an effort to open access to its programs.

Call it yet another sign of the impact of harder times on the economy. The Mortgage Bankers Association has puts its award-winning Washington headquarters building on the market less than year after the association bought it.

John Walsh, who served as chief financial officer of Affina Brokerage Services LLC, has pleaded guilty to embezzling more than $2.5 million from USAlliance Federal Credit Union, which owns the subsidiary.

Credit union executives and volunteers wanting to learn more the Federal Housing Administration and its work with credit unions can sign up for NAFCU's Dec. 10 Webcast featuring FHA Commissioner David H. Stevens.

Even though Space Coast Credit Union suffered some losses after merging with troubled Eastern Financial Florida Credit Union, the cooperative said the numbers are in line with its initial projections.

T8Webware, an Iowa-based provider of Web development and management services to credit unions and banks, has changed its name from T8DESIGN.

A nationally known CU card consultancy is working on launching a Web site that will help consumers find consumer friendly credit union credit cards in their area.

Credit unions without federal insurance could face additional requirements for informing members about their insurance status, as a result of a proposed rule by the Federal Trade Commission.