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WaMu Impact on OTS Introduces More Uncertainty for CU Conversions

By David Morrison

ARLINGTON, Va. -- A possible departure of Washington Mutual from the ranks of institutions overseen by the U.S. Office of Thrift Supervision may tarnish the appeal of the federal thrift charter, according a leading charter change consultant.

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McCain to Participate In Debate

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McCain to Participate In Debate

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September 26, 2008

Ike Destruction 'Overshadowed' by Turmoil, Says Ensweiler

GALVESTON, Texas -- The nation's financial chaos, including yesterday's takeover and sale of giant Washington Mutual Savings Bank in Seattle, continues to overshadow the "dire conditions and destruction" on the Texas Gulf Coast in the view of Richard Ensweiler, the president/CEO of the Texas Credit Union League.

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September 26, 2008

Negotiations on Treasury Plan to Resume

WASHINGTON -- Lawmakers and administration officials are scheduled to return to the bargaining table at 11:30 this morning to try again to iron out an agreement on a plan to buy illiquid assets from financial institutions.

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September 26, 2008

CUNA Mutual Reassures Company's Operational Strength

MADISON, Wis. -- CUNA Mutual Group is reassuring the industry that its operating performance is strong thanks in part to excess capital and revenue growth.

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September 26, 2008

GDP Growth Less Strong Than Originally Thought; Corporate Profits Down

WASHINGTON -- The nation's gross domestic product grew 2.8% during the first quarter, down from the initial estimate of 3.3%, the Commerce Department reported today.

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September 26, 2008

Belco Community Member Lawsuit Without Merit, CUNA Mutual Defends

MADISON, Wis. -- A lawsuit filed by several Belco Community Credit Union members over claims of retirement fund losses through CUNA Brokerage Services Inc. is without merit and is more the result of a tumultuous marketplace, CUNA Mutual Group said.

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September 26, 2008

Large CU Execs Lobbying for CUNA-NAFCU Merger

WASHINGTON -- It would be the credit union movement equivalent of the Boston Red Sox and New York Yankees joining forces. Saying that the credit union movement would be better represented with one voice, the CEOs CEOs of six large credit unions are urging the boards of CUNA and NAFCU...

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September 25, 2008

Members Claim Retirement Fund Loss in Belco Community CU Suit

HARRISBURG, Pa. -- Claiming Belco Community Credit Union failed to disclose its commission earnings with CUNA Brokerage Services Inc., five members have filed a lawsuit against the financial institution saying they lost part of their retirement savings as a result.

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Top News Stories

WaMu Impact on OTS Introduces More Uncertainty for CU Conversions

McCain to Participate In Debate

McCain to Participate In Debate

Recommended Just For You

News Stories

Ike Destruction 'Overshadowed' by Turmoil, Says Ensweiler

Negotiations on Treasury Plan to Resume

CUNA Mutual Reassures Company's Operational Strength

GDP Growth Less Strong Than Originally Thought; Corporate Profits Down

Belco Community Member Lawsuit Without Merit, CUNA Mutual Defends

Large CU Execs Lobbying for CUNA-NAFCU Merger

Members Claim Retirement Fund Loss in Belco Community CU Suit