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CUs Must Open Their Eyes and Keep on Their Toes When a Car Dealership Closes

By Lindsey Siegriest

COLUMBUS, Ga. -- The auto industry is continuing to feel the backlash from a sagging economy as Bill Heard Enterprises, Inc., the largest U.S. Chevrolet auto dealership, filed for bankruptcy protection, closed 14 showrooms and fired most of its 3,200 employees.

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Dow Jones Industrials Set Another Record Plunge Before Recovery

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Economic Toll: Planned Retirements Postponed, 401(k) Contributions Scaled Back

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October 14, 2008

New Service Can Qualify Borrowers by Using Alternative Credit Reporting

SALISBURY, Md. -- More than 50 million consumers--an estimated 25% of the mortgage market--do not qualify for mortgages because they do not have traditional lines of credit such as credit cards or student loans. However, many of them pay their rent, gas, electric and phone bills on time--factors that are...

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October 14, 2008

Earlier Is Better to Get Involved With Members on Card Debt, Filene Suggests

MADISON, Wis. -- The Filene Research Institute has released a research paper on member card behavior that suggests credit unions get involved with members stressed about their debt earlier rather than later.

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October 14, 2008

Most Small Business Owners Are More Likely to Save Business Than Home

ATLANTA -- Small business owners behind in their mortgage payments are more likely to save their businesses rather than their homes according to a new study from Experian.

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October 14, 2008

FHA Reminds Lenders of Triple Money Damages on Loss-Mitigation Failure

WASHINGTON -- The Federal Housing Administration issued a mortgagee letter last week reminding lenders that it can hit them with treble damages if they don't try to work with distressed borrowers.

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October 14, 2008

Sonja McDonald, Randolph-Brooks FCU Vice President, Wins Volunteer Award

SAN ANTONIO -- The financial crisis was President Bush's top priority on his visit to San Antonio last week, but in a noteworthy sidelight, he also to extended one of the nation's highest volunteer honors to a CU executive.

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October 14, 2008

Software Co. Wins Vancity

CHICAGO -- Vancouver City Savings Credit Union has become the first credit union to use the Master Data Service platform from Initiate Systems Inc.

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October 14, 2008

Indiana Gov. Cites CUs

INDIANAPOLIS -- Indiana credit unions got a renewed pat on the back from the state's Republican governor for the industry's campaign to emphasize deposit insurance and regulatory protection.

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Top News Stories

CUs Must Open Their Eyes and Keep on Their Toes When a Car Dealership Closes

Dow Jones Industrials Set Another Record Plunge Before Recovery

Economic Toll: Planned Retirements Postponed, 401(k) Contributions Scaled Back

Recommended Just For You

News Stories

New Service Can Qualify Borrowers by Using Alternative Credit Reporting

Earlier Is Better to Get Involved With Members on Card Debt, Filene Suggests

Most Small Business Owners Are More Likely to Save Business Than Home

FHA Reminds Lenders of Triple Money Damages on Loss-Mitigation Failure

Sonja McDonald, Randolph-Brooks FCU Vice President, Wins Volunteer Award

Software Co. Wins Vancity

Indiana Gov. Cites CUs