News

In a letter sent yesterday to CUNA, NAFCU President Fred Becker agreed to modify his group's alternative capital proposal to allow NCUA assistance to credit unions to be counted as alternative capital.

SAN DIEGO - A functional document management system can reduce operational costs by 20% and improve employee productivity by 30%.

SAN DIEGO -- New credit card regulations, in effect February 2010, will outlaw 1.5 to 2 basis points of revenue on today's account, PSCU Financial Service's Tom Chandler and Chris Joy said.

Credit unions had $241.5 billion in outstanding consumer credit in August, up from $238.9 billion in July, according to data released yesterday by the Federal Reserve.

Arizona bankruptcies continue to top the charts with a whopping 77% increase over a year ago as national figures show the rate soared 41% from 2008, even as reports indicate improvement in housing and higher consumer confidence.

The Obama administration's program to help people struggling to make payments has modified 487,000 mortgages, a month before the target date, the Treasury and Housing and Urban Affairs Department announced today.