News

CUNA said Tuesday it is "watching very closely" a legislative battle brewing in Virginia over banker-backed proposals for banks to buy credit unions.

Skirmishing between credit unions and the banking lobby over public fund deposits began this week in the New York legislature.

Bucks First Federal Credit Union was the winner of a free commercial that will launch online tomorrow as part of a campaign to promote small local businesses.

The strong relationships credit unions forge with their members may be enough to protect them from the most severe impacts of having large numbers of home owners walk away from their mortgages, credit union economists and executives say.

Construction spending declined 1.2% in December, according to data released today by the Commerce Department.

For fiscal year 2011, the SBA's proposed budget of $994 million aims to bolster the agency's 7(a) loan program and extend revolving lines of credit, commercial real estate loans and term loans.