News

According to Clayton's first quarter U.S. Central investment report, losses from mortgage backed securities aren't expected to peak until early 2011, when principal and interest distribution also peaks.

A regular survey of U.S. consumers conducted by a Canadian Bank suggests that Americans are no where near ready to start using their credit cards again.

Five credit unions, including the nation's first federal credit union, are converting from competitive core processing platforms to Fiserv, the company said.

In what would have been the largest credit union merger to date, Suncoast Schools FCU and GTE FCU have announced that they have terminated merger discussions.

Consumer prices increased 0.7% last month, the Labor Department reported today.

Even if parts of the economy rebound, high unemployment could continue until next year, according to predictions made by top officials of the Federal Reserve.

The Senate Banking Committee will hold a hearing next Wednesday at 3:00 p.m. on the confirmation of Deborah Matz as chairman of the NCUA.

The $4 billion Alaska USA Federal Credit Union said last week it expects to complete the purchase and assumption of $110 million High Desert FCU within the next 90 to 120 days.