News

WASHINGTON -- Sen. Chris Dodd (D-Conn.), chairman of the Senate Committee on Banking, Housing and Urban Affairs, along with other members of the committee, have sent a letter to President Bush urging administration to address the foreclosure crisis.

DALLAS - Credit union CEOs aren't flying high over election results, according to Southwest Corporate's CU CEO Confidence Survey, taken the week immediately after the election.

WASHINGTON -- The CU Housing RoundTable's October 21 meeting with NCUA Chairman Michael Fryzel was apparently a fruitful one.

MCLEAN, Va. -- A weak job market-described by some as the worst market in 14 years for job seekers-has caused interest rates to decline.

WASHINGTON -- NAFCU praised the plan unveiled yesterday by NCUA Chairman Michael E. Fryzel to use $2 billion from the Central Liquidity Fund to pay for mortgage relief for low-and middle-income credit union members.

WASHINGTON - NCUA Chairman Michael E. Fryzel today asked Congress for money to help his agency set up a program for the agency to buy troubled assets from credit unions.