News

Losing $7.6 billion isn't usually something to be happy about, but for Citigroup it's a move in the right direction.

Karen Rubin, a single mother of three, reduced her debt by $4,500, increased her savings by more than $30,000 and boosted her credit score from 662 to 758 to win $10,000 in a Florida Commerce Credit Union financial fitness contest.

NCUA's recent guidance to examiners about how to treat low income and community development credit unions is a good place to start but will need good implementation as well.

World Council of Credit Unions Executive Vice President and COO Brian Branch and Dave Richardson, the WOCCU senior manager who oversees the Haiti program, entered Haiti today to deliver much needed supplies for the program's 16 staff members.

Raising the cap on member business loans is risky in light of the problems facing credit unions and would take away businesses from "tax-paying community banks," said Independent Community Bankers of America Senior Vice President Stephen J. Verdier.

The U.S. Treasury Department's Community Development Financial Institutions Fund has recognized five more credit unions and one CUSO as CDFIs.