News

Unemployment rose to 8.1% in February-the highest level since 1983-as businesses cut 651,000 non-farm jobs, the Department of Labor reported today.

It's been more than a month now since that ABC-TV crew did what was called an "ambush" number on credit union attendees convened for a Credit Union Executives Society conference at a Caribbean resort and so far nothing has been broadcast.

The economic crisis plus new mortgage opportunities for credit unions has given "real validity" to the newly-minted League of Southeastern Credit Unions, Guy M. Hood, president/CEO of the soon-to-be consolidated Florida Credit Union League said Friday.

Gartner research has reported that 7.5% of consumers it surveyed have lost money due to some sort of financial fraud, most of the time breaches of their credit and debit card security.

Credit union consumer lending rose to $240.2 billion in January, up from $237.l6 in December, the Federal Reserve reported today.

Credit unions got a mixed back of goods when the House of Representatives passed a housing bill yesterday by a margin of 234-191.