News

LANSING, Mich. -- In a show of both moral and financial support for beleaguered automakers, the Michigan Credit Union League teamed up with CUNA, other Midwest leagues and General Motors Corp.

SAN DIEGO -- Mark Hoaglin, most recently senior vice president of credit unions at LPL Financial Institution Services, has left his post at the broker-dealer giant to start his own business.

WASHINGTON - The consumer price index fell 1.7% last month, the Labor Department reported today.

AUSTIN, Texas - Registration has now begun for the 2009 CUISPA Technology Risk Management & Security Summit set for Feb. 8-10 at the Grand Hyatt in San Antonio.

SAN JOSE, Calif. - The NCUA has selected $3.6 billion Citizens Equity First Credit Union to purchase and acquire the assets of Valley Credit Union, according to a letter sent to Valley CU members yesterday from NCUA Regional Director Melinda Love.

MADISON, Wis. -- In the wake of bank merger and bailouts, credit unions may have opportunities to grow their membership but only if they follow through on promotion and forging local ties now.

WASHINGTON - Housing starts fell 18.9% last month to a seasonally adjusted annual rate of 625,000, the Commerce Department reported today.

WASHINGTON - Saying that the increases in bank failures have caused a strain on the insurance system, the FDIC today announced a 7 basis point increase in premiums starting next year.