News

The California credit union that removed a controversial web ad suggesting its safety/soundness record was superior to competing CUs and banks decried "economic terrorism" Monday erecting a "no to bailout" sign in front of its main branch.

Federal Reserve Chairman Ben S. Bernanke said the current recession won't end until the financial system is stabilized, probably this year.

Mountain America Credit Union, the SBA's top credit union lender in the country, said it helped create 700 jobs in Utah last year.

A majority of credit unions support asking the government to make money available as a backup to the NCUA's deposit guarantee, according to a poll released today by CUNA.

The $69 million Hope Community Credit Union and its principal sponsor, the Enterprise Corporation of the Delta celebrated the launching of a branch Mississippi's gulf coast, an area still recovering from damage from previous severe hurricanes.

In effort to assure nervous consumers about the safety of their financial institutions, the NCUA today sent a letter explaining to members the agency's corporate credit union stabilization plan.

Members of the $850 million Local Government Federal Credit Union have raised more than $250,000 for the NC State Firefighters Association through a specially designated debit card promoted for that purpose.

Open Solutions Inc. was downgraded by Moody's Investors Service to a corporate family rating of B3 and ratings outlook of negative and, as of March, was listed as a 'Bottom Rung' company.