Credit Union Times | Accurate and Timely CU News

CUSO Financial Distributes $4 Million to Partners

By Michelle A. Samaad

SAN DIEGO -- CUSO Financial Services LP said it has distributed $4 million in retained earnings to its credit union limited partners, bringing the total distributions in 2008 to $8 million.

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MIDFLORIDA FCU Purchases Realty Company

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NCUA Places West Hartford CU into Receivership

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December 04, 2008

California's AB33 Eliminates Department of Financial Institutions

SACRAMENTO - A bill introduced Tuesday would require the California Department of Financial Institutions to consolidate back into the Department of Corporations, where credit union lobbyists fought so hard to separate it from just 10 years ago.

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December 04, 2008

Mortgage Delinquencies Up Dramatically In 3rd Quarter

WASHINGTON - During the third quarter, 10% of all homeowners were in foreclosure or late in making mortgage payments, according to a report released today by the Mortgage Bankers Association.

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December 04, 2008

Wings Financial Surpasses $2 Billion in Assets

APPLE VALLEY, Minn. -- Thanks in large part to serving its growing airline industry alliances, Wings Financial Federal Credit Union announced today that it has surpassed the $2 billion in asset mark.

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December 04, 2008

MEMBERS Trust Becomes Fannie Mae Reverse Mortgage Servicer

TAMPA, Fla. -- MEMBERS Trust Company said today it received approval by Fannie Mae to be a seller and servicer of its reverse mortgages.

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December 04, 2008

Credit Union Times Adds CFO Category to Annual Awards

HOBOKEN, N.J. -- In light of the economic crisis, Credit Union Times has added a new category to its 2008 awards.

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December 04, 2008

Retailers Experience Over 100% Increase in Hacker Attacks, Security Firm Reports

ATLANTA -- A leading online security firm has reported they have seen a 161% increase in the number of hacker attacks they are blocking on the retail client's Web sites.

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December 04, 2008

Unemployment Increases to 6.7%

WASHINGTON - Unemployment rose to a 15-year high of 6.7% in November, as businesses cut 533,000 non-farm jobs, the Department of Labor reported today.

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Top News Stories

CUSO Financial Distributes $4 Million to Partners

MIDFLORIDA FCU Purchases Realty Company

NCUA Places West Hartford CU into Receivership

Recommended Just For You

News Stories

California's AB33 Eliminates Department of Financial Institutions

Mortgage Delinquencies Up Dramatically In 3rd Quarter

Wings Financial Surpasses $2 Billion in Assets

MEMBERS Trust Becomes Fannie Mae Reverse Mortgage Servicer

Credit Union Times Adds CFO Category to Annual Awards

Retailers Experience Over 100% Increase in Hacker Attacks, Security Firm Reports

Unemployment Increases to 6.7%