Credit Union Times | Accurate and Timely CU News

Feds and Citigroup Officials Agree on Bailout Plan

By Claude R. Marx

WASHINGTON - Federal regulators this weekend agreed to provide Citigroup with additional access to capital to protect it against losses from $306 billion worth of troubled assets, mostly loans and securities tied to the housing market.

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Consumers Expect to Spend Less, According to CUNA/CFA Survey

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Existing Home Sales Down Slightly in October

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November 20, 2008

Fannie, Freddie Temporarily Halt Foreclosures

WASHINGTON - Freddie Mac and Fannie Mae have suspended foreclosures until Jan. 9, 2009. The GSEs said the suspension will give servicers time to implement the mass modification program announced last week by Fannie, Freddie and FHFA.

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November 20, 2008

CU Business Group Arrives in Michigan

PORTLAND, Ore. -- CU Business Group LLC recently celebrated the addition of their first credit union in the state of Michigan, extending the CUSO's reach to 35 states across the country.

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November 20, 2008

Capitalization Proposal Could Use Net Worth Certificates

WASHINGTON -- A new proposal to have the federal government provide capital to community banks and credit unions could rely on a type of financial and regulatory instrument last used in the early 1980s.

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November 20, 2008

Geithner New Treasury Secretary, Sources Say

WASHINGTON - New York Federal Reserve President Timothy Geithner has been picked to be the new secretary of the treasury, according to several media reports.

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November 20, 2008

Virginia League Still After Navy Federal to Rejoin CUNA

More than a year after Navy Federal Credit Union quit CUNA and the Virginia Credit Union League in a dispute over payday lending, leaders of both trade groups expressed hope this week that...

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November 20, 2008

CU Net Income Down

WASHINGTON - Net income of federally insured credit unions fell 15.7% during the first nine months of 2008, according to data released today by the NCUA.

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November 20, 2008

Current Challenge for CU Marketers: Selling Old-Fashioned Thrift

SAN DIEGO -- As members face a new era of unprecedented household debt and economic uncertainty, will the credit union marketing message change as a result?

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Top News Stories

Feds and Citigroup Officials Agree on Bailout Plan

Consumers Expect to Spend Less, According to CUNA/CFA Survey

Existing Home Sales Down Slightly in October

Recommended Just For You

News Stories

Fannie, Freddie Temporarily Halt Foreclosures

CU Business Group Arrives in Michigan

Capitalization Proposal Could Use Net Worth Certificates

Geithner New Treasury Secretary, Sources Say

Virginia League Still After Navy Federal to Rejoin CUNA

CU Net Income Down

Current Challenge for CU Marketers: Selling Old-Fashioned Thrift