The $250 million Glendale Area Schools Federal Credit Union bowed to NCUA pressure Monday and discontinued what the regulator deemed an offending safety and soundness ad that put competitors in a negative light.
Those with jobs made slightly more money in January, spent a little more and saved more than they had in a long time, the Commerce Department announced today.
According to a letter sent to members, the board of Eastern Corporate Federal Credit Union declined participation in the NCUA's Temporary Corporate Credit Union Share Guarantee Program, blaming the terms of participation required by the agency.
WASHINGTON -- Executives with the U.S. Treasury's CDFI Fund announced that certified community development credit unions will not need to show matching funds in order to qualify for grants from the CDFI fund, at least through 2010.
In another attempt to aid the ailing banking giant Citigroup, the government announced today that it will buy more stock in the company and increase the amount of its ownership from 8% to 36%.
