Credit Union Times | Accurate and Timely CU News

Corporate One FCU Books What Seems to Be a Bizarro Year

By Heather Anderson

COLUMBUS, Ohio -- The American financial services landscape is looking quite a bit like the Bizarro World depicted in Superman comics where everything is the exact opposite of normal.

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'Invest' Plan Already Showing Sales Boost, Say Automakers

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Past Year Took its Toll on Texans CU CEO

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January 06, 2009

Nearly 5% of Miami-Dade Homes in Foreclosure

MIAMI - Default Research (http://www.defaultresearch.com) is reporting that South Florida lenders filed 101,000 foreclosure-related lis pendens in 2008. Miami-Dade County led the region with 47,672, representing 4.91% of total households.

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January 06, 2009

LPL Financial Layoffs Will Not Impact CUs

BOSTON -- Broker-dealer LPL Financial Corp. said to streamline operational costs, it will have to reduce its staff by 10% however the division that serves credit unions will not be affected.

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January 06, 2009

Maine CU League Opens Dialog on Credit Availability

AUGUSTA, Maine -- As a new state legislature takes office, Maine credit unions are optimistic about developing relationships with lawmakers, including contacts with the Business, Research and Economic Development Committee,

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January 06, 2009

Ascend FCU Garners National Spotlight by Besting BofA

TULLAHOMA, Tenn. -- Ascend Federal Credit Union recently received national media attention when a frustrated Bank of America credit card holder closed her account.

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January 06, 2009

Kenyan CU Development Boils Down to AIDS and a New Rice Crop

MADISON, Wis. -- Many American credit union managers may be faced with financial do-or-die decisions this year, but the dire situation for Kenya's credit unions is literally do-or-die.

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January 06, 2009

CUs Have More Leeway in Reporting Suspicious Transactions

WASHINGTON -- Federally insured credit unions will no longer have to report certain financial transactions over $10,000, as a result of amendments to the Bank Secrecy Act, which take effect Jan. 5.

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January 06, 2009