News

SAN JOSE, Calif. - The NCUA has selected $3.6 billion Citizens Equity First Credit Union to purchase and acquire the assets of Valley Credit Union, according to a letter sent to Valley CU members yesterday from NCUA Regional Director Melinda Love.

MADISON, Wis. -- In the wake of bank merger and bailouts, credit unions may have opportunities to grow their membership but only if they follow through on promotion and forging local ties now.

WASHINGTON - Housing starts fell 18.9% last month to a seasonally adjusted annual rate of 625,000, the Commerce Department reported today.

WASHINGTON - Saying that the increases in bank failures have caused a strain on the insurance system, the FDIC today announced a 7 basis point increase in premiums starting next year.

MADISON, Wis. - NAFCU economist Dr. Tun Wai is among those predicting the Federal Reserve Board will announce a rate cut when it concludes a two-day meeting today.

LANSING, Mich. -- Chrysler Corp. along with eight more states are joining General Motors Corp. in the Michigan Credit Union League's auto financing program on price discounts and low rate loans, it was announced Tuesday.