News

WASHINGTON -- The FDIC announced in a legal opinion letter on Nov. 13 that it will insure the money placed on gift cards and other prepaid cards issued by banks.

RICHARDSON, Texas -- Despite rumors that David Addison had been terminated as president/CEO of Texans Credit Union, the $1.8 billion financial institution confirmed today that the rumblings are not true.

BOSTON - Massachusetts' attorney general has obtained a preliminary injunction against Option One Mortgage Corp. and H&R Block Mortgage Corp. that requires them to notify the AG's office of their intent to foreclose upon subprime mortgages.

WASHINGTON - CUNA economist Bill Hampel said he thinks homeowners will eventually see some TARP funds or other governmental relief dedicated to restructuring troubled mortgages;

TALLAHASSEE, Fla. -- Consolidation of the Florida and Alabama Credit Union Leagues, formally announced last June as a model to "create economic efficiencies,"

LOS ANGELES - Two major fires in greater Los Angeles threatened some credit union branches over the weekend, but calm winds and rising humidity helped firefighters make progress overnight.

APPLETON, Wis.-- The $145 million Prospera Credit Union has begun to offer the model for its successful payday alternative lending program to other credit unions nationwide.

MADISON, Wis. - Five Wisconsin credit unions have now signed up to accept insured certificates of deposit under a state program offering the 529 college savings plans, a tax sheltered vehicle which has been showing investor gains across the U.S.