Credit Union Times | Accurate and Timely CU News

Bankruptcy Filings Up by Almost One Third

By Claude R. Marx

The country's economic difficulties took an acute toll on individuals and businesses last year as the number of filings for bankruptcy rose by 31.9%, according to data released today by the Administrative Office of the U.S. Courts.

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SBA Names USC CU Financial Services Champion

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Getting Media Spin, Michigan CU Says Card Move Was Positive

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March 01, 2010

Judge Denies Motion to Dismiss for U.S. Central Defendants

U.S. District Judge Inge Johnson today denied U.S. Central Federal Credit Union director defendants their motion to dismiss the suit filed by Corporate America Credit Union.

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March 01, 2010

Trades Submit Letters to Senate Hearing on Small Business Lending

Even though they weren't invited to testify-and the banking trade associations were-CUNA and NAFCU sent letters to a Senate subcommittee urging lawmakers to raise the cap on member business lending.

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March 01, 2010

Multiple ID Use Said to Raise Risk

Using the same password and ID at multiple sites increases the risk of being victimized by online fraud, and it's a common consumer habit.

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February 28, 2010

CO-OP Financial Services Adds Branch Capture

CO-OP Financial Services has added branch check capture.

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February 28, 2010

NCUA Liquidates Mutual Diversified Employees FCU

The NCUA on Friday liquidated Mutual Diversified Employees Federal Credit Union of Santa Ana, Calif. and its assets were purchased by SchoolsFirst Federal Credit Union in the same city.

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February 28, 2010

U.S. Central Wipes Out All Capital, Part of NCUSIF Contribution

U.S. Central Federal Credit Union, currently under NCUA management, reported a nearly half a billion other-than-temporary impairment loss for the fourth quarter, bringing charges for the year to $1.8 billion.

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February 28, 2010