News

BATON ROUGE, La. -- If nothing else, the shutdown and disruptions last week at Louisiana and Mississippi credit unions caused by Hurricane Gustav demonstrated anew that disaster preparedness can work well.

LOS ALAMOS, N.M. -- Members of a New Mexico Credit Union have turned to Gov. Bill Richardson's office for assistance in their ongoing fight with Del Norte Credit Union's board. In addition, the credit union's former auditors have sued the CU seeking payment for services rendered to the supervisory committee....

NAPERVILLE, Ill. -- Thanks to an alliance involving eight Illinois credit unions, students will have access to more than $100 million in college loans for the 2008-2009 school year.

WASHINGTON -- The sluggish economy and continued high expenses for the wars in Iraq and Afghanistan could push the deficit to $438 billion next year, the Congressional Budget Office said today.

BATON ROUGE, La. -- Gulf Coast credit unions prepping disaster plans today for Hurricane Ike were warned by this state's top credit union examiner that "there are lessons to be learned" about taking seriously early registration for emergency communication networks.

AUGUSTA, Maine -- The board of the $51 million KV Federal Credit Union will vote on Oct. 14 whether to put a proposal to merge with a bank before the credit union's members.

NAPERVILLE, Ill. -- Thanks to an alliance involving eight Illinois credit unions, students will have access to more than $100 million in college loans for the 2008-2009 school year.

COLUMBUS, Ohio. -- It's a mixed bag for banks, but Fannie and Freddie's new Treasury backing is good news for corporates, who say it could even mean a rebound in the value of corporate-owned mortgage backed securities.