News

Lansing, Mich. -- Auto Body Credit Union is offering members with loans through the CU a two month, no-cost extension of their monthly payments to help them weather the difficult economic times.

Lansing, Mich. -- Auto Body Credit Union is offering members with loans through the CU a two month, no-cost extension of their monthly payments to help them weather the difficult economic times.

WASHINGTON -- CUNA worked with the Pennsylvania Credit Union Association to put together a brochure that the state group financed and sent out over the weekend on behalf of embattled U.S. Rep. Paul Kanjorski (D-Pa.), a strong credit union supporter.

MANHATTAN BEACH, Calif. -- Efforts to launch a credit union controlled secondary mortgage market gained a new ally last week, when secondary mortgage market pioneer Jess Lederman joined $4.4 billion Kinecta Federal Credit Union in the newly created position of senior vice president and chief lending officer.

MANHATTAN BEACH, Calif. -- Efforts to launch a credit union controlled secondary mortgage market gained a new ally last week, when secondary mortgage market pioneer Jess Lederman joined $4.4 billion Kinecta Federal Credit Union in the newly created position of senior vice president and chief lending officer.

NEW YORK -- While credit unions might turn up their noses at the prospect of unloading nonperforming loans for pennies on the dollar, financial consultant Peter Duffy said that for those who can spare the capital, a weak market beats no market at all.