News

AUSTIN, Texas -- Funeral services are being held here today for Larry Strong, CEO of the $485 million Velocity Credit Union, who died of an apparent heart attack Nov. 23. He was 61.

SANTA ANA, Calif. --Two more failed Los Angeles banks last Friday is not likely to change the public mood, according to Rudy Hanley, the president/CEO of SchoolsFirst Federal Credit Union.

WASHINGTON - Commercial banks and savings institutions had a 94% drop in earnings during the third quarter from the same period last year, the FDIC reported today.

WASHINGTON - The gross domestic product fell .5% during the third quarter, compared with a 2.8% increase during the second three months of 2008, the Commerce Department announced today.

WASHINGTON - Home prices fell 1.8% during the third quarter and were down 6% from the same period last year, the Federal Housing Finance Agency reported today.

LANSING, Mich. -- In line with the continuing move by state leagues to improve rapport and stay close to lawmakers, the Michigan Credit Union League disclosed Tuesday it is relocating most of its operations from the Detroit area to Lansing.