News

Credit union executives and volunteers wanting to learn more the Federal Housing Administration and its work with credit unions can still sign up for today's NAFCU-sponsored Webcast featuring FHA Commissioner David H. Stevens.

The rate of residential foreclosures remains significantly above where it was last year, but dropped 8% in November compared to October, according to RealtyTrac, a leading marketer of foreclosed property.

Houston-based People's Trust Federal Credit Union is charting new ground next week: making plans to open its first stand-alone branch in a former and abandoned Washington Mutual-now Chase Bank-branch.

Operations were back to near-normal at Iowa/Wisconsin/Illinois credit unions-and at CUNA Mutual, World Council in Madison along with state leagues-following Wednesday's fierce winter storm that paralyzed the Midwest.

During the House debate on the bill that would revamp the way financial services are regulated, Democrats argued that the measure was necessary to prevent another economic meltdown.

Credit unions and banks, now grappling with overdraft protection and fees, could soon find themselves in the same boat as the tobacco industry, subject to class action suits from state attorney generals, a leading Charlotte, N.C. lawyer warned Thursday.