News

ATLANTA -- With more than 40,000 returns processed at credit unions this year through the Internal Revenue Service's volunteer income tax assistance program, participation has more than doubled over 2007's figure of 18,000.

MADISON, Wis. -- Large bank mergers and bailouts along with auto dealers upping price discounts could present yet more opportunities for credit unions to grow their membership.

WASHINGTON -- The FDIC announced in a legal opinion letter on Nov. 13 that it will insure the money placed on gift cards and other prepaid cards issued by banks.

RICHARDSON, Texas -- Despite rumors that David Addison had been terminated as president/CEO of Texans Credit Union, the $1.8 billion financial institution confirmed today that the rumblings are not true.

BOSTON - Massachusetts' attorney general has obtained a preliminary injunction against Option One Mortgage Corp. and H&R Block Mortgage Corp. that requires them to notify the AG's office of their intent to foreclose upon subprime mortgages.

WASHINGTON - CUNA economist Bill Hampel said he thinks homeowners will eventually see some TARP funds or other governmental relief dedicated to restructuring troubled mortgages;