News

LAS VEGAS -- There's no reason why credit unions couldn't double, triple or quadruple mortgage market share during the new few years, Blue Chip financial forecast economist Jeff Thredgold told ACUMA Mortgage Lending Leadership Conference attendees this morning.

NEW YORK - The stock market swooned again today in late-day trading. The Dow Jones industrial average lost nearly 679 points to close at 8,579.

LAKE JACKSON, TEXAS -- Texas Dow Employees Credit Union has launched an advertising campaign designed to assure members that it is business as usual at the 54-year-old institution.

RALEIGH, N.C. -- The State Employees' Credit Union Foundation has pledged $250,000 to assist in the construction of a inpatient hospice facility for Hospice of Wake County.

RANCHO CUCAMONGA, Calif. -- CO-OP Financial Services has announced that its surcharge-free CO-OP Network has increased the number of ATMs available from 25,000 to 28,000.

SALT LAKE CITY -- Faced with a squeeze on credit, some small business owners are turning to their retirement funds as a financing option.

PLYMOUTH, Mich. -- The Michigan Credit Union Foundation has been awarded a grant to make a video on foreclosure prevention. The mini-documentary will tell the story of a real family that faced foreclosure and was helped by a credit union.

WASHINGTON -- The Securities and Exchange Commission has charged five Los Angeles brokers with securities fraud, alleging that from 2005 through 2007, the brokers convinced their customers to refinance their homes with subprime mortgages so that the brokers could sell their clients unsuitable securities.