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Fitch Rating Actions

By Peter Westerman

Fitch has also placed all individual ratings on rating watch negative. The rating outlook is stable for all long-term IDRs.

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Mica Discusses Impact on Credit Unions of Political, Economic Uncertainties

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Love Named NCUA Director of Office of Examination and Insurance

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February 17, 2009

Fitch Ratings took negative ratings action on individual corporates on Feb. 10, citing economic turmoil, credit market disruptions and exposure to potential write-downs of their paid-in-capital and PIC II investments at U.S. Central.

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February 17, 2009

Top 10 Hardest Hit U.S. Counties Are All in California and Florida

DENVER -- Default management and residential collateral firm Integrated Asset Services released its IAS36 House Price Index for December on Feb. 10, which included the firm's anticipated 10 hardest hit counties list.

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February 17, 2009

CUNA Mutual Expands Commercial Foreclosure Coverage

CUNA Mutual Group has teamed up with Lee & Mason Financial Services Inc. to offer a stand-alone commercial foreclosure property and liability insurance policy for credit unions' member business loans.

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February 17, 2009

Nine Iowa Credit Unions Recognize Member Needs Through IDAs

DES MOINES, Iowa -- Nine credit unions in Iowa are helping low-income members save for their future through an individual development account program.

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February 17, 2009

PCUA Cuts Fees for Its Annual Convention in May

HARRISBURG, Pa. -- Citing the impact of NCUA actions on credit unions and the gloomy economy, the Pennsylvania Credit Union Association is cutting registration fees by 50% for its annual meeting and convention in May.

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February 17, 2009

PM Systems Wins Illiana FCU Business

Illiana Financial Credit Union (www.illiana.org) plans to go live in June with Internet banking, bill pay, mobile banking, online lending, inter-institution transfers and online membership enrollment from PM Systems Corp.

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February 17, 2009

Webinar Tackles Mortgage 'Known Unknowns'

Credit union mortgage executives are navigating dangerous waters these days; a free Webinar tomorrow will address the challenges they currently face, including managing risk, mitigating losses and appraising home values.

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Top News Stories

Fitch Rating Actions

Mica Discusses Impact on Credit Unions of Political, Economic Uncertainties

Love Named NCUA Director of Office of Examination and Insurance

Recommended Just For You

News Stories

Corporates Face More Actions

Top 10 Hardest Hit U.S. Counties Are All in California and Florida

CUNA Mutual Expands Commercial Foreclosure Coverage

Nine Iowa Credit Unions Recognize Member Needs Through IDAs

PCUA Cuts Fees for Its Annual Convention in May

PM Systems Wins Illiana FCU Business

Webinar Tackles Mortgage 'Known Unknowns'