News

LAS VEGAS -- American Credit Union Mortgage Association President Bob Dorsa said he can't shake the feeling that credit unions are at least partly to blame for losses in the mortgage industry. And, the recent state lawsuits brought against Countrywide Financial Corp. aren't helping any.

NEW YORK -- A good innovator is someone who takes calculated risks, doesn't fear failure and doesn't use the word innovation.

AUSTIN, Texas -- The Credit Union Information Security Professionals Association will hold a risk management fundamentals workshop on Friday, Aug. 1, from 9 a.m. to 5 p.m. at Schools First FCU in Tustin, Calif.

DES MOINES, Iowa -- Donations from the U.S. credit union community to aid CU flood victims in Iowa have now surpassed $322,000, topping industry contributions received for those who suffered losses in last fall's California wildfires, it was reported Tuesday.

SOUTHFIELD, Mich. -- Central Corporate Credit Union will again distribute patronage dividends to members by waiving all service fees incurred during the months of July and November 2008, to the tune of an estimated $1 million. The payout applies to all fee-based services offered by the $3.5 billion corporate, including...

ALEXANDRIA, Va. -- The NCUA drew the curtains on the Sterlent and Cal State 9 dramas today, declaring the failed credit unions officially liquidated. San Francisco-based Patelco Credit Union purchased and assumed assets of both institutions to the tune of $400 million.

AUSTIN, Texas -- Teres Solutions Inc. has been sold to an Italian provider of credit services, management software and worldwide business information systems.

SANTA ROSA BEACH, Fla. -- The Coalition for Credit Union Charter Options, the banker led group which was formed to help lobby and litigate for credit unions seeking to convert their charters into mutual banks, is looking for new members.