News

Don't eliminate corporate credit unions but see to it that the NCUA does a better job of policing them.

Community development credit unions are doing everything from canceling celebratory annual meetings to cutting back on health insurance in order to pay their part of NCUA's NCUSIF assessment.

In another sign that the housing market may be picking up, sales of new homes increased 4.7% in February, the Commerce Department reported today.

The NCUA needs to provide still "more transparency" and understanding of its corporate actions and be cautious in "casting us with the lot of all other financial institutions," said CUNA Chairman Kris Mecham.

OmniAmerican Bank, the former OmniAmerican Credit Union, headquartered in Fort Worth is one of the financial institutions that was allegedly hacked by a noted hacker who has been arrested in Canada and awaits extradition.

With a $10,000 incentive, seven families have until the end of the year to prove that they have what it takes to improve their financial lives.