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House Scheduled to Vote Today on Economic Bill

By Claude R. Marx

WASHINGTON -- All eyes will be on the U.S. House when it votes today on an economic package that includes raising the amount of credit union deposits that are federally insured and creates a fund that buys illiquid assets from credit unions and other financial institutions.

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House Scheduled to Vote Today on Economic Bill

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Banks, CUs, 'Moderately Happy' With Investment, Insurance Cross Sells

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October 02, 2008

S&P: Corporates Won't Tumble, But Aggressive Growth Threatens Long Term Ratings

NEW YORK -- Standard & Poor's Credit Analyst Robert B Hoban Jr. said negative ratings watches don't mean corporate credit unions are in jeopardy of the free-fall ratings downgrades other institutions have received in recent weeks.

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October 02, 2008

SBA Advocacy Director Resigns

WASHINGTON -- Chief Counsel for Advocacy Thomas M. Sullivan today announced that he will step down as head of the Office of Advocacy of the Small Business Administration.

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October 02, 2008

SBA Advocacy Director Resigns

WASHINGTON -- Chief Counsel for Advocacy Thomas M. Sullivan today announced that he will step down as head of the Office of Advocacy of the Small Business Administration.

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October 02, 2008

Peak5 Negotiating Merger; May Close Doors If Talks Fail

CENTENNIAL, Colo. -- Centrix successor Peak5 is hoping one of two potential merger deals go through, so it can avoid raising rates or going out of business by year-end, said CEO Kevn Barry.

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October 02, 2008

Bush Mentions Credit Unions During Talk on Finance Rescue Measure

WASHINGTON -- President Bush emphasized that the amount of credit union deposits covered by federal share insurance would temporarily increase under the bill working its way through Congress.

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October 02, 2008

In New Ike Relief, Texas League Hires Ex-Dr. Phil Aide

FARMERS BRANCH, Texas -- Reminding CU leaders once again about the urgency of Hurricane Ike recovery, the Texas Credit Union League said Thursday it is pursuing a broad disaster aid program coupled with hiring a former associate of TV's Dr. Phil for CU counseling.

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October 02, 2008