News

NEW YORK -- So far, community development credit unions have not seen widespread impacts from the economic downturn, according to the National Federation Of Community Development Credit Unions.

HOUSTON -- Right now, Camel ratings are probably not the most pressing worry for credit unions compared to the impact the troubled economy has had on the industry, Alonzo Swann, NCUA Region III director, told attendees at the African American Credit Union Coalition's annual meeting this morning.

DENVER -- Thanks to a variety of factors, including some top lenders leaving the market, the $1.8 billion Bellco Credit Union is enjoying what it calls "an incredible spike" in mortgage applications--more than double last year--and is proceeding with funding a large percentage.

HOUSTON -- The African American Credit Union Coalition is working on a research project that will culminate with an interactive exhibit unveiling at the America's Credit Union Museum on Oct. 16.

WASHINGTON -- Productivity continued to increase, although at a slightly slower pace, in the second quarter, the Labor Department reported today.

SAN FRANCISCO -- San Francisco Federal Credit Union has named Steven Stapp president/CEO.