News

Sales of new homes increased 0.7% in August, but were 3.4% less than the levels in August 2008, the Commerce Department reported today.

The U.S. Central Federal Credit Union Conservatorship Advisory Board has voted to replace Chief Executive Officer James Nance.

Piggybacking on a successful direct deposit campaign last spring that brought 1,200 entries, Charter Oak Federal Credit Union is launching an online bill promotion this month offering $100 gift cards under a special linkup with a local grocery chain.

Former Federal Reserve Chairman Alan Greenspan, who presided over the board during a period of tremendous prosperity and during the lead up to the present economic crisis, will keynote CUNA's Government Affairs Conference in February.

The NCUA placed Keys Federal Credit Union of Key West, Fla. into voluntary conservatorship today.

Scott Hunt, acting special assistant to the acting director of the NCUA's Office of Corporate Credit Unions, was named today by NCUA Chairman Debbie Matz to be the director of the Office.