Credit Union Times | Accurate and Timely CU News

Regulator Slaps Eastern Financial With Cease, Desist Order

By Michelle A. Samaad

Citing a number of violations, the Florida Office of Financial Regulation has issued a cease and desist order against the $1.6 billion Eastern Financial Florida Credit Union for engaging in several "unsafe and unsound" practices.

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Loan Delinquencies Up in Fourth-Quarter 2008

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Calif. League Opposes 'Well-Intentioned' Mortgage Legislation

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April 01, 2009

For Many Cardholders, Rewards Are the New Savings

Just as many big bank credit and debit card issuers are cutting back or even eliminating their card rewards programs, credit unions are finding their members are using rewards programs more and differently.

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April 01, 2009

Pa. League Warns of Legal Steps on Conservatorships

The Pennsylvania Credit Union Association's board has adopted a formal resolution warning it would take "appropriate" legal steps to mitigate the impact of the NCUA's conservatorships of U.S. Central and WesCorp.

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April 01, 2009

Life Crisis Has Big Impact on Retirement Plans

From a divorce to the illness of a child, fewer people are making it to age 40 without a crisis affecting their plans to save for retirement.

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April 01, 2009

FASB Approves Changes in Mark-to-Market

Credit unions received some regulatory relief today when the Federal Accounting Standards Board today allowed for greater flexibility when companies value their investments.

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April 01, 2009

Central States Receiver Hearing Put Off

Following some legal jousting over governance issues, a Milwaukee judge put off until next Tuesday naming of a receiver of Central States Mortgage Co.

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March 31, 2009

African-American CU Coalition Meeting Still On

After a change in city late last year, the African-American Credit Union Coalition has chosen Harrah's Las Vegas Hotel as the site for its annual conference in August.

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March 31, 2009