Credit Union Times | Accurate and Timely CU News

Federation Offers Streamlined Approach for CDCUs Seeking Secondary Capital

By David Morrison

Community development credit unions and other low income credit unions that are allowed to use secondary capital may find a streamlined approach to getting some of that capital in the coming weeks.

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Members United Drops Ratings Subscription

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SEC to Clean Up Whistleblower Process

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March 04, 2009

NCUA Changing Call Report to Reflect Impact of Corporate Stabilization Expenses

The 5300 Call Reports that credit unions file from now on will feature separate sections showing the impact on that credit union of their share of the payment to offset the costs of the NCUA's efforts to rescue the corporate credit unions.

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March 04, 2009

CDCU Movement Mourns Pioneer Passing

John DuPree Sr, long time pioneer in the community development credit union movement and founder of the $1.3 million Shiloh of Alexandria Federal Credit Union, headquartered in Alexandria, VA, has died.

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March 04, 2009

Bankruptcy Filings Up in 2008

The recession and related economic conditions caused a 31% increase in bankruptcy filings last year, according to data released by the Administrative Office of the U.S. Courts today

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March 04, 2009

Canadians to Banks: 'Thanks' for the $3 Billion in Fees

Coast Capital Savings, Canada's second largest credit union, is giving consumers the chance to sign a eight feet by ten feet greeting card "thanking" banks for the $3 billion in fees they supposedly charge each year.

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March 04, 2009

As Cost-Saver, Indiana CU Debuts Do-It-Yourself Agenda

FORUM Credit Union of Indianapolis said its annual "Symposium" seminar, a popular event among Midwest CUs for examining industry trends, is undergoing a low-cost remake allowing attendees to pick speakers and the agenda.

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March 04, 2009

Concerns Prompt SBA to Reconsider Goodwill Loan Policy

In response to lenders concerns, the Small Business Administration said it will consider larger "goodwill" amounts on a case by case basis through Aug. 31.

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March 03, 2009