News

Credit unions won a victory today when the Senate defeated a measure that would have allowed bankruptcy judges to rewrite the terms of mortgages.

After the announcement that Chrysler will file for bankruptcy and has entered into an agreement with Fiat, CUcorp CEO David Adams said these events make credit unions even more important to automakers and consumers.

A new research report on developing credit union collaboration found that many credit union executives did not consider credit union leagues or associations as good potential partners in such efforts.

Economic hits and likely regulatory changes have made developing back office collaboration essential if credit unions are to survive, according to a new report from the Filene Research Institute.

The president/CEO of a struggling Florida credit union, now shopping for a second merger partner after one with MidFlorida FCU fell apart, is forecasting a sharp rise in small CU mergers in his state and elsewhere resulting from the NCUA assessment.

The House today passed a measure that places greater restrictions on credit unions and other credit card issuers.

The Securities and Exchange Commission said today it has launched a new program that aims to assess risks in the financial markets by attracting seasoned industry professionals to the agency's office of risk assessment.

President Obama announced this afternoon that Chrysler will seek bankruptcy and enter an alliance with Fiat.