News

WASHINGTON -- MIT Federal Credit Union has replaced one of the largest banks as a lender for private student loans at the MIT Sloan School of Management.

NEW YORK -- A $125,000 grant from the Internal Revenue Service is helping a coalition of 16 community development credit unions open Voluntary Income Tax Assistance sites.

WASHINGTON -NCUA Chairman Michael E. Fryzel urged Treasury Secretary Timothy Geithner to find ways to establish guidelines for credit unions to access Troubled Asset Relief Program money.

WILMINGTON, Del. -- ING DIRECT said it is moving forward with its plans to grow ShareBuilder Corp., the online brokerage with roughly 50 credit union clients despite grim news from its parent company that 7,000 job cuts are coming.

WASHINGTON - The House Judiciary Committee yesterday approved a measure giving judges the power to reset the terms of mortgages for people in bankruptcy proceedings.

ARLINGTON, Va. -- In the end, the consumer will likely have the final say on whether check imaging makes it all the way to the ATM.

WASHINGTON -- Instead of 20% returns guaranteed to come every 30 days, investors lost at least $25 million in yet another Ponzi scheme.

WALTHAM, Mass. -- The decision by some credit unions to no longer manage their data processing systems in-house and increased penny-pinching has created opportunities for Credit Union On-Line Inc.