News

BEAVERTON, Ore. -- Prior to yesterday's news from Microsoft that it would have to cut 5,000 jobs including 1,400 this week, First Tech Credit Union was alerted that the layoffs were likely coming.

PHOENIX - The $1.7 billion Arizona Federal Credit Union recorded a nearly $116 million net loss and placed $174.5 million in loan loss provisions as of December 31, 2008, resulting in an undercapitalized 4.75% ratio.

RIVERSIDE, Calif. - As bad as Altura Credit Union's year-end 2008 numbers are, President/CEO Mark Hawkins said things could be worse.

The NCUA has scheduled an executive session on Thursday to consider a supervisory activity matter and a legislative proposal, the agency announced today.

WASHINGTON - Housing starts fell 15.5% last month to a seasonally adjusted annual rate of 550,000, the Commerce Department reported today.

SACO, Maine -- For providing its 7,000-square foot conference center free of charge to local nonprofits, PeoplesChoice Credit Union is the 2008 recipient of the Biddeford-Saco Chamber of Commerce community service award.