News

After recent upswings of record growth, member business lending activity continues to slow down in large part because of the drag on the economy.

In another sign that the economy may be picking up, housing starts increased 0.5% in September, the second consecutive monthly increase, according to a report issued today by the Commerce Department and the Department of Housing and Urban Affairs.

The House Financial Services Committee on Thursday is scheduled to discuss and mark up legislation that would speed up implementation of the CARD Act and have provisions take effect on Dec. 1, rather than next Feb. 22.

The search for a new leader has ended at Healthcare's Cooperative Credit Union.

Mortgage servicers are more responsible for the persistently high foreclosure rates than either home owners or mortgage owners are, a new report from the National Consumer Law Center argues.

After a few years on the drawing board, Gesa Credit Union has moved forward with implementing its first investment program.

More evidence has appeared showing that credit unions are bucking the national trend of shrinking credit lines and diminishing use of credit cards.

Among the small business owners who have applied for loans within the past six months, 67% had to produce personal guarantees as banks continue to put the squeeze on credit access.