Credit Union Times | Accurate and Timely CU News

Retail Sales and Producer Prices Fall

By Claude R. Marx

WASHINGTON -- Retail sales dropped 1.2% in September, the largest decline in three years, the Commerce Department reported today.

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Ten CUs Sign Up for Symitar Address Validation Add-On

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Wright-Patt Sets Savings Race Rivals

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October 14, 2008

Court Bars Class Status in ARM Suit

MADISON, Wis. -- A federal appeals court last week reversed a 2007 class certification involving a couple who claimed that the disclosures for their option ARM loan were confusing. A federal trial court agreed with the couple and ruled that the loan could be rescinded and granted class action status...

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October 14, 2008

Synergent Lands First New York

WESTBROOK, Maine -- Synergent said it is expanding into New York with the signing of a Watertown credit union to a core processing contract.

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October 14, 2008

Metro CU, Air Academy FCU Sign Up for DeposZip

BURLINGTON, Mass. -- Two more credit unions have signed up to use the DeposZip remote-deposit capture service from Eastern Corporate Federal Credit Union.

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October 14, 2008

Federal Housing Finance Agency Releases Mortgage Metrics Report

WASHINGTON -- The good news is that 99% of the loans backed by Fannie Mae and Freddie Mac are performing well. The bad news is that 1% of the loans are 90 days or more past due, according to a report issued by the Federal Housing Finance Agency.

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October 14, 2008

International CU Educator Helps Launch Fabric of Life Retail Store in U.S.

EDMONDS, Wash. -- An international development effort launched by a noted credit union educator is establishing a retail outlet right here in the States.

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October 14, 2008

BofA to Modify Countrywide Loans

CHARLOTTE, N.C. -- Bank of America has agreed to settle predatory lending charges against subsidiary Countrywide Financial Corp. at an estimated cost of about $8 billion.

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October 14, 2008

Rescue May Provide CUs With New Sources of Funding, Says Attorney

BALTIMORE -- Credit unions taking a wait and see approach to the financial markets bailout signed into law by President Bush on Oct. 3 declined to comment on its effect. But one attorney suggested that CUs look for new sources of liquidity and to Europe for new loan products.

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Top News Stories

Retail Sales and Producer Prices Fall

Ten CUs Sign Up for Symitar Address Validation Add-On

Wright-Patt Sets Savings Race Rivals

Recommended Just For You

News Stories

Court Bars Class Status in ARM Suit

Synergent Lands First New York

Metro CU, Air Academy FCU Sign Up for DeposZip

Federal Housing Finance Agency Releases Mortgage Metrics Report

International CU Educator Helps Launch Fabric of Life Retail Store in U.S.

BofA to Modify Countrywide Loans

Rescue May Provide CUs With New Sources of Funding, Says Attorney