News

WASHINGTON -- The government takeover of mortgage giants Fannie Mae and Freddie Mac was necessitated in part by Congress' inaction, White House Press Secretary Dana Perino said today.

LAKE JACKSON, Texas -- In one of the largest expansion bids by a Texas credit union, the $1.3 billion Texas Dow Employees Credit Union formally announced plans Monday to add six counties, including Harris County, which encompasses all of Houston, to its field of membership.

JACKSONVILLE, Fla. -- Fidelity National Information Services, the card processor for the majority of credit unions that issue credit cards, has picked up the card business of a noted technology CUSO.

LAKE MARY, Fla. -- More than 1,600 members have signed up for mobile banking from $1.2 billion CFE Federal Credit Union in the first two months the service has been offered, the credit union said.

LAKE MARY, Fla. -- More than 1,600 members have signed up for mobile banking from $1.2 billion CFE Federal Credit Union in the first two months the service has been offered, the credit union said.

TINTON FALLS, N.J. -- United Teletech Financial Federal Credit Union is among the first to try out CompleteEd, a new, private student loan program from CUNA Mutual Group.

SYLVANIA, Ohio -- Directions Credit Union is partnering with the popular ABC television show "Extreme Makeover: Home Edition" to help one deserving family in the Toledo area.

WASHINGTON -- Seeking to avoid even further damage to an already battered housing market, the government on Sunday took control of Fannie Mae and Freddie Mac.