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On-Site Coverage: Corpotates' Woes Impact NCUSIF

By Claude R. Marx

ALEXANDRIA, VA. - The NCUSIF's reserve balance was $5.2 billion last month, including an increase of $1.2 billion in losses for the corporate credit unions, NCUA Chief Financial Officer Mary Ann Woodson told the board today.

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Small Credit Unions Object to Merger Talk

Small credit unions are bristling as industry leaders discuss consolidation and mergers as a solution for industry losses.

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April 20, 2009

Missouri Moves Forward With Small Biz Fund

A program proposed by Missouri Gov. Jay Nixon to create a $2 million pool of funds that would make available low-interest and no-interest loans to small businesses is moving forward despite some objections.

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April 20, 2009

NCUA Board Extends Share Guarantee Program

The NCUA Board today extended its program to guarantee the deposits of credit unions in corporate credit unions to accommodate a two-year rolling expiration date.

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April 20, 2009

CU Responds to Rising Bank Card Rates by Lowering its Own

The $1.2 billion Chartway Federal Credit Union has cut the rates on its credit cards as most, if not all, bank card issuers have raised their own.

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April 20, 2009

Sifting Through Rumors May Help Markets Re-Adjust

An old Wall Street saying "buy on the rumor, and sell on the news" is an imperfect one that could impede the market's outlook.

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April 20, 2009

NationsHeritage CU Merging into HarborOne

The $88 million NationsHeritage Federal Credit Union, once known as the Texas Instrument FCU and serving the Attleboro, Mass. market, announced this week it is merging into HarborOne CU of Brockton.

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April 19, 2009

Economic Index Fell .3% Last Month

The Leading Economic Index -a compilation and analysis of key government data on the economy--fell .3% last month, the Conference Board reported today.

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Top News Stories

On-Site Coverage: Corpotates' Woes Impact NCUSIF

NCUA's Lack of Transparency Shirks Corporate Accountability

Ex-Iowa League Stalwart Al Jordan Dies at 101

Recommended Just For You

News Stories

Small Credit Unions Object to Merger Talk

Missouri Moves Forward With Small Biz Fund

NCUA Board Extends Share Guarantee Program

CU Responds to Rising Bank Card Rates by Lowering its Own

Sifting Through Rumors May Help Markets Re-Adjust

NationsHeritage CU Merging into HarborOne

Economic Index Fell .3% Last Month