News

A second Phoenix credit union, the $420 million Arizona Central, has created a Web site to help the state's unemployed to help them find jobs and get financial aid.

Credit unions already enrolled in the U.S. Treasury Department's Making Home Affordable Program said they are working hard to help members behind on their mortgages make it through the so-called "waterfall test."

The Michigan Credit Union League has promoted two staffers to fill two vice president slots replacing Patrick La Pine, former executive vice president who is now president/CEO of the League of Southeastern Credit Unions.

The $14.5 billion Vancity Credit Union said it has sold the majority of its retail loans offered through its online banking division after the service failed to take off.

Unemployment fell 0.1% to 9.4% in July, but businesses continued to cut positions, shedding 247,000 non-farm jobs, the Department of Labor reported today.

NCUA Chairman Michael E. Fryzel, CUNA President/CEO Dan Mica and NAFU President Fred Becker congratulated NCUA Chairman-Designate Deborah Matz, who was confirmed today by the Senate.