News

DALLAS -- A record-setting crowd of 500 members attended Southwest Corporate Federal Credit Union's Economic Forum this week, with a modern, edgy video introduction to the aggregate's new member capture product stealing the show.

WASHINGTON -- Credit Union Student Choice, a private student loan CUSO, has partnered with Addison Avenue Federal Credit Union and HawaiiUSA Federal Credit Union.

NEW YORK -- Could American Express become one of the victims of the current economic downturn? That is the question that has some card analysts buzzing after the card issuer announced today that it would cut 10% of its workforce or 7,000 jobs.

McLean, Va. -- The 30-year fixed-rate mortgage this week averaged 6.46% with an average 0.7 point for the week ending Oct. 30, 2008. That's up from last week when it averaged 6.04%.

NEW YORK -- Loan products, not income, are the reason why mortgage borrowers default, according to a report released yesterday by the Local Initiatives Support Corp.

ALEXANDRIA, Va. -- Representatives of the three largest credit union trade associations expressed concern at an NCUA hearing today that the agency's proposed 15% budget increase could raise the costs for credit unions in a difficult economic climate.