News

A CUSO that specializes in helping firms image and store their documents electronically has warned credit unions that electronic storage may not be best for all their mortgage documents.

NCUA took over a community development credit union serving one of the lowest income communities in the nation last Friday.

In a move projected weeks ago, another Nevada credit union, the $147 million Cumorah CU of Las Vegas collapsed over the weekend becoming the first major privately-insured CU to fall victim to the recession.

The American Credit Union Mortgage Association has begun to lobby Congress and the Administration in support of extending the $8,000 new home buyer tax credit.

The FDIC's push to get more banks involved in payday alternatives puts the limelight once again on credit union products.

Cleveland, Chicago, Minneapolis and Dallas are among the cities that have been helped along in the commercial real estate sector thanks to federal stimulus projects, the Federal Reserve Board reported.