News

LONDON -- The International Accounting Standards Board has agreed to reconsider the application of its International Financial Reporting Standards to credit unions, based on a comment letter submitted earlier this year by World Council of Credit Unions. The letter was among just a handful of submissions IASB chose to address...

BILLINGS, Mont. -- A Labor Day awareness campaign linked to discounted gas provided a bonanza of publicity and public good will for the $73 million Billings Federal Credit Union.

FAIRBORN, Ohio -- myCUmortgage, an Ohio-based credit union service organization, has added five more credit unions to its roster of mortgage partners.

WASHINGTON -- The Federal Housing Administration told lawmakers last week that it has taken significant steps to make sure that the HOPE for Homeowners Program is up and running by its Oct. 1 implementation date but warned that loans granted under the program would carry higher interest rates.

WASHINGTON --President Bush and U.S. Small Business Administration Acting Administrator Sandy K. Baruah recently met with women small business owners to promote the benefits of Health Savings Accounts.

ALEXANDRIA, Va. -- The NCUA has issued a letter to credit unions emphasizing the need to carefully examine their use of mortgage brokers and correspondents.