News

Oregon credit unions over the Presidents Day weekend cleared a key hurdle in the clash with banks over investment of public funds following passage of a key bill by the Oregon House, 44-13.

As expected, a bill, once crafted to permit Virginia banks to buy credit unions that has since been altered to a mutual conversion measure, has passed the state Senate, 39-0.

In recognition of Black History Month, Florida Telco Credit Union has teamed up with local ABC and NBC television network affiliates First Coast News to produce the Black History Month Celebration.

Consumers were more willing to spend money last month as retail sales increased 0.5%, the Commerce Department reported today.

Sales of existing homes rose by 13.9% in the last quarter of 2009 and were 27.2% higher than in the same period of 2008, according to data released by the National Association of Realtors.

Credit unions had $236.4 billion in outstanding consumer credit in December, down from the revised figure of $237 billion in November, according to data released by the Federal Reserve.