News

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.

Michigan credit unions showed significant growth in deposits, new auto loans and small business loans, according to fourth-quarter data from the Michigan Credit Union League.

Larger goodwill loan amounts will be considered on a case by case basis through Aug. 31, the Small Business Administration said in response to lenders concerns.