News

DENVER -- Credit unions are moving with caution and compassion in providing loan relief to financially-strapped members during the turmoil, according to the newly elected head of the National Association of Credit Union Chairmen.

FITCHBURG, Mass. -- Workers' Credit Union is working toward the goal of offering members a full-service, online branch by launching an online-exclusive savings account.

SANTA ANA, Calif. -- A study released last week on negative equity shows just how bad the housing market is.

DES MOINES, Iowa -- An executive specializing in training credit unions to identify and reach out to potential Hispanic members says the recent economic downturn should not discourage credit unions from continuing to market to the Latino community.

NEW YORK -- Mortgage defaults stem from loan products not income level, according to a study released last week by the Local Initiatives Support Corp. The study also found that most subprime mortgages were made outside of poverty-stricken areas.

MENLO PARK, Calif. -- At their first organizational meeting, representatives from more than a dozen California credit unions spent nearly five hours talking about the possibilities a new CUSO could bring.