News

WASHINGTON -- Consumers opened up their wallets a bit more last month but there is still a long way to go before purchasing is at the levels of last year.

NEW YORK - In Fitch's Feb. 10 ratings action, the company said retail corporates will lose all of the $450 million PIC II capital they invested in U.S. Central just six weeks ago.

The decibel of name-calling and recrimination about the corporate system needs to give way toward reasoned approaches on insurance fund recapitalization, according to the state's top regulator, Howard Pitkin.

LENEXA, Kan. - Late yesterday, U.S. Central cleared up some of the "who knew what when" mystery surrounding the aggregate corporate's $1 billion bailout and resulting insurance premium levy on credit unions.

SHREVEPORT, La. -- Melvin Edwards, chairperson of the Caribbean Confederation of Credit Unions, will be the guest speaker at the African American Credit Union Coalition's Feb. 24 networking meeting and reception.

ALEXANDRIA, Va. - Executives interested in learning more about the new regulations on credit cards can participate in an audio briefing on Feb. 24 that the NCUA is sponsoring with the Federal Reserve Board and the Office of Thrift Supervision.