News

A 30-year fixed-rate mortgage averaged 4.78% this week, according to data released today by mortgage giant Freddie Mac.

NAFCU is launching efforts in the districts of eight members of the House Financial Services Committee to persuade them to oppose a measure that would allow the government to control interchange fees.

PricewaterhouseCoopers accountants are crunching numbers at the $1.4 billion Constitution Corporate Federal Credit Union today, working with the corporate's own financial managers to endorse year-end numbers.

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.

The recession and its widespread job losses caused a 32 basis point increase in loan delinquencies, according to data released today by the American Bankers Association.

California's real estate problems have resulted in a flood of mortgage-related bills that are well- intentioned but ultimately bad for credit unions, said Bob Arnould, California Credit Union League senior vice president of governmental affairs.