News

Robert Nelson, district director of the SBA's Massachusetts district office, will be the guest speaker at an October lending forum for New England credit unions.

The National Consumer Law Center, a Washington based consumer protection organization released a 50 page report sharply criticizing federal, state and local mortgage modification programs for not really pushing mortgage servicers to help homeowners.

ALEXANDRIA, Va. -- Federally insured credit unions will have to pay a 0.15% premium to replenish the NCUSIF and to finance the Corporate Stabilization Fund, as a result of the NCUA Board's unanimous decision today.

The NCUA announced yesterday that it has closed Comunidades Federal Credit Union of Los Angeles and authorized that the majority of accounts be taken over by Water and Power Community Credit Union.

Town North Bank has confirmed that long-time CEO John Reap has stepped down as CEO. Town North is the only bank owned by credit unions in the U.S.

Treasury Secretary Timothy Geithner said today that the Obama administration no longer favors a requirement that financial institutions offer only "plain vanilla" consumer products.