News

Businesses cut 85,000 non-farm jobs last month as unemployment stayed at 10%, the Department of Labor reported today.

After releasing the 2009 numbers for the Invest in America program, CUcorp CEO David Adams said that he has reason to be optimistic about the program in 2010.

Despite the unwelcomed publicity last month and a net worth around 4% at year-end 2009, Silver State Schools Credit Union President/CEO Dave Rhamy says he's qualified to facilitate the $883 million credit union's recovery.

Last year was a strong one for the $1.3 billion Truliant Federal Credit Union's mortgage program and it stayed strong through December, the credit union reported.

A credit union core processing startup founded by Symitar veterans has hired another former colleague to help lead the platform's development.

U.S. Central and the NCUA have retained the services of Prairie Village, Kan.-based Michael Shirley Associates; and, according to a representative for the firm, the regulator expects the institution to survive corporate restructuring.