News

In a sign that the economy may be picking up, the gross domestic product increased dramatically to an annual rate of 5.7% in the fourth quarter, according to a preliminary estimate released today by the Commerce Department.

On a unanimous vote, the NCUA Board today withdrew rules issued by the agency and other financial services regulators last year aimed at regulating what they constitute as "Unfair or Deceptive Acts or Practices."

ALEXANDRIA, Va. -- Almost 20% of insured shares were in credit unions with a rating of CAMEL 3 or higher last year and the NCUSIF's equity ratio fell to 1.24% last month, NCUA Chief Financial Officer Mary Ann Woodson told the NCUA Board today.

Consumers showed less reluctance to buy big-ticket items such as cars, appliances and office equipment last month, the Commerce Department reported today.

Federal Reserve Chairman Ben S. Bernanke came one step closer to a second term this afternoon when the Senate voted 77-23 to end the debate on his confirmation.

Credit unions seeking to promote the consumer-friendly nature of their mortgage programs might seek certification from a new consumer mortgage organization.