News

WASHINGTON -- No credit union is too small or too large to develop comprehensive risk mitigation strategies, NCUA Vice Chairman Rodney Hood told attendees at NAFCU's Congressional Caucus today.

WASHINGTON -- Conceding that they had not discussed the issues with their bosses, economic advisers to presidential candidates John McCain and Barack Obama declined today to take a position on risk-based capital or increasing member business loans.

FARMERS BRANCH, Texas -- The Texas Credit Union League said Monday the scope of destruction from Hurricane Ike on vast areas of the Texas coast has made the job of assessing damage and property loss to CU employees and members a massive undertaking.

MADISON, Wis. -- While the collapse of Lehman Brothers and sale of Merrill Lynch would understandably send nervous shivers down investors' backs, members are being advised to take a deep breath, don't panic and keep in close contact with their financial advisors.

NEW YORK -- The National Federation of Community Development Credit Unions is hearing an unprecedented level of complaint and concern from its members about the most recent round of grants from the U.S. Treasury Department's Community Development Financial Institutions Fund.

WASHINGTON -- Two of the country's leading financial institutions had difficult weekends.

ANN ARBOR, Mich. -- This summer has been a busy one for Michigan Business Connection, which was recently chosen to provide underwriting expertise for the CU Systems Fund.

NEW YORK -- Community development credit unions appear to face little direct impact from the bankruptcy and the buy out of two of the nation's largest investment banks, but may find money for grants harder to get, according to a CDCU leader.