News

Two failed California credit unions within 10 miles of one another make up the forward-going footprint of $4.1 billion Alaska USA FCU.

NCUA spelled out this week process details and reasoning behind some of its conservatorship and merger policies, which have come to the fore this month following a spate of failures of small to medium size CUs.

LAS VEGAS - A leading loss mitigation executive told participants of the American Credit Union Mortgage Association meeting that the nation will need to correct its mortgage policy in order to stop ongoing waves of foreclosures.

In signs that the economy could be turning around, consumers earned more money last month and spent more, the Commerce Department reported today.

LAS VEGAS -- The American Credit Union Management Association is soliciting its members about the position the association needs to take on a legislative proposal that would extend the $8,000 new home buyer tax credit.

Security Service FCU purchased the assets and assumed the member shares of West Texas Credit Union, which the Texas Credit Union Department liquidated yesterday.

LAS VEGAS -- Bob Dorsa, CEO of the American Credit Union Mortgage Association sees the potential irony in holding a mortgage conference in Las Vegas, one of the leading foreclosure cities in the U.S.

As credit unions have increased their share of the mortgage market, they have also acquired a reputation for being relatively soft mortgage fraud targets, according to lending mortgage loan executive.