News

MANHATTAN BEACH, Calif. -- Kinecta Federal Credit Union shocked the industry again on Oct. 30, when it announced it had hired former Countrywide Financial executive Jess Lederman to fill the newly created position of senior vice president and chief credit officer. The $4.4 billion Kinecta made headlines last year when...

PHOENIX -- The $1.1 billion Arizona State Credit Union is still reaping a deposit windfall from a 4%, $25,000 money market account ad that appeared Nov. 5 in a souvenir newspaper edition heralding the election of Barack Obama.

WASHINGTON -- Fannie Mae today reported a third-quarter loss of $29 billion and warned in a filing with the Securities and Exchange Commission that it could have a negative net worth by the end of the year.

WASHINGTON -- Fannie Mae today reported a third-quarter loss of $29 billion and warned in a filing with the Securities and Exchange Commission that it could have a negative net worth by the end of the year.

WASHINGTON -- Credit unions are among the recipients of the Internal Revenue Service's nearly $8 million in matching grants to support its volunteer income tax assistance program, the agency said today.

WASHINGTON -- Credit unions are among the recipients of the Internal Revenue Service's nearly $8 million in matching grants to support its volunteer income tax assistance program, the agency said today.