News

Despite California being one of the hardest hit states in lending, Member Business Services said its 2008 loan portfolio surpassed 2007 by 32% and so far, the momentum has continued.

PSCU Financial Services is now processing more than a million messages a day on a new gateway data hub centered on software from Metastorm, a global provider of enterprise architecture and business process management tools.

Jury selection is beginning today in a Madison, Wis. courtroom in the trial the IRS' interpretation of the unrelated business income tax with regard to credit unions.

Those anxiously awaiting U.S. Central Federal Credit Union's post-conservatorship March 2009 financials will have to wait another couple of days, as NCUA on-site staff make final adjustments to loss figures.

The NCUA said there has been no unusual activity in the area of account closures or withdrawals at Eastern Financial Florida Credit Union two weeks after the $1.6 billion financial institution was placed in conservatorship.

Marking what it called a record-breaking achievement, the $705 million Advantis Credit Union of Portland, Ore. racked up $20 million in deposits and brought in 800 new members during a two-day promotion.

The Central Liquidity Facility would continue to be able to borrow up to $41.5 billion from the Treasury Department under the Obama administration's budget request submitted to Congress last week.

Speaking several hours after the announcement of an unemployment rate of 8.7%, President Obama today announced a new program to make it easier for jobless to get training so they can qualify for better jobs.