Credit Union Times | Accurate and Timely CU News

Credit Unions Remain Phishing Target

By Marc Rapport

The RSA Anti-Fraud Command Center said credit unions were the target of just over one-fifth of phishing attacks recorded against American financial institutions in March.

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New Software Application Promises to Expand Card Acceptance

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CU Income Fell as Membership Assets and Savings Grow

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May 26, 2009

Uncertainty Frustrates CU Financial Managers

Since U.S. Central Federal Credit Union released first-quarter financials that showed only a 23% impairment to member capital accounts, not 63% as reported two weeks earlier, financial managers have debated how to record the evolving losses.

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May 26, 2009

Frugal Living Here to Stay for Many

The recession has affected the way many Americans are saving and cutting back on expenses so much that frugal living could a permanent life change.

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May 26, 2009

Existing Home Sales Rise in April

In another sign that the economy may be picking up, sales of existing homes increased last month, though the median price of homes continued to decline, the National Association of Realtors reported today.

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May 26, 2009

Uncertainty Abound Involving Corporate Stabilization Charge Reversal

Does passage of the Corporate Credit Union Stabilization Fund bill mean natural person credit unions can reverse the share insurance premium and impairment charges they took at year-end 2008 or first-quarter 2009 per accounting guidelines?

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May 26, 2009

NCUSIF Reserve Balance And Assets Rose in April

The NCUSIF's reserve balance was $5.3 billion last month and the fund lost $2.5 million in income, NCUA Chief Financial Officer Mary Ann Woodson told the board last Thursday.

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May 26, 2009

First Carolina Adds Share Guarantee

The $2 billion First Carolina Corporate Credit Union joined all other corporates except the $100 million Iowa Central Corporate CU in participating in the Temporary Corporate Credit Union Share Guarantee Program.

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May 26, 2009