News

FORT LAUDERDALE, Fla. - Wayne Best, chief economist for Visa USA, maintains that opportunities continue to market cards even in the economic downturn.

The NCUA said today it has assumed control of the operations of $1.6 billion Eastern Financial Florida Credit Union.

The Los Angeles-based ByDesign Financial Solutions, which does business as Consumer Credit Counseling Services in several California markets, has announced its merger with the Richmond, Va.-based ClearPoint Counseling Solutions, effective May 1.

In a sign that the economy is still sluggish, sales of new homes fell .6% in March, the Commerce Department reported today.

A credit union CEO has confirmed with Credit Union Times that it was approached by NCUA as a possible merger partner with the financially troubled, $1.6 billion Eastern Financial Florida Credit Union.

The NCUA expects so many corporate credit unions to record capital losses their March 31 financials and restated December 31, 2008 financials, its suspended safety and soundness regulations in anticipation.