News

BROCKTON, Mass. -- A delegation of Kenyan credit union leaders found their U.S. visit uplifting on two fronts.

WASHINGTON -- In his Veterans Day remarks, President Bush recalled the heroic actions of Alonzo A. Swann Jr. during World War II that resulted in him being awarded the Navy Cross.

MADISON, Wis. -- Under a deal brokered by the Wisconsin Credit Union League and an Illinois-based corporate, credit unions here can now bid on insured certificates of deposit offered under a state-backed 529 college savings plan.

AN DIEGO -- Mitch Ronco, spokesman for consumer credit counselor InCharge Debt Solutions, said he's been turning more and more struggling consumers away because they don't qualify for InCharge's full-repayment program.

WASHINGTON -- NCUA Chairman Michael E. Fryzel reiterated his pledge to take an active role in preventing problems before they occur during a speech before the suburban chapter of the Maryland and D.C. Credit Union League.

ALEXANDRIA, Va. -- The NCUA acknowledged that it is considering defining money placed on credit union-issued gift and other prepaid cards as deposited funds covered by share insurance.

WASHINGTON -- In an attempt to stem foreclosures and set industry guidelines, federal officials have set up a mortgage modification program for the loans controlled by Fannie Mae and Freddie Mac.

ATLANTA -- The IRS' volunteer income tax assistance program has grown to include 535 credit unions, more than double the 250 figure for 2007.