News

The $71 million Rutgers Federal Credit Union, which serves employees and staff of the New Jersey university as well as two hospitals, said Monday it remains open to a merger with a smaller unaffiliated nearby CU, locked in a bitter member/board dispute.

Two credit unions headquartered in Pennsylvania have signed on with CUC Mortgage, a credit union mortgage CUSO with roots in the Credit Union Association of New York.

The Credit Union Association of Colorado/Wyoming said Monday it has expanded its web-based "Foolproof" financial literacy package, now being used by U.S. school teachers and endorsed by consumer groups, to include the Illinois Credit Union League.

An analyst that tracks credit card direct mailings said there are signs that large credit issuers may be returning to direct mail credit card marketing.

Credit availability needs to significantly rebound for any hope of a meaningful commercial recovery in 2010, several market tracking tools have indicated.

Sales of existing homes grew by 10.1% in October and were 23.5% higher than in October 2008, National Association of Realtors reported today.