News

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.

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.

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

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.

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.

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...