News

A new Moody's liquidity risk assessment on Western Corporate Federal Credit Union reveals that despite being placed into conservatorship March 20, WesCorp has not experienced a run on shares.

Although some data-especially in the housing sector-show that the economy is picking up, consumers continue to have their doubts.

The $3.2 billion Wescom Credit Union has purchased the card portfolios of eight credit unions and launched agent issuing agreements with them since it began buying portfolios late 2006.

With vacancy rates at 20-year highs, delinquent commercial real estate loans are on the rise nationwide.

Sixty Wisconsin credit unions representing 2,500 employees have now signed up a free online financial education program through the Wisconsin Credit Union League.

Dismissed Western Corporate Federal Credit Union board member Diana Dykstra spoke out late yesterday regarding rumors former WesCorp CEO Bob Siravo received a $6 million severance package.

According to second quarter data from Callahan & Associates' First Look program, total assets increased at an annualized rate of 10.5% through June 30. Shares are driving the trend, up 10.3% over last year, thanks to a higher personal savings rate.

Due to the absence of a quorum, the Senate Banking Committee today did not vote on the nomination of Deborah Matz as chairman of the NCUA.