News

CHANDLER, Ariz. -- First Credit Union (www.firstcu.coop) has added the ATM- and branch-locating services of BranchMap to the $503 million CU's Web site.

ENCINO, Calif. -- The Los Angeles Times reported Tuesday that police were dispatched to IndyMac Bank branches here and in nearby Northridge to calm tempers among customers waiting outside to withdrawal funds from the failed bank.

HONG KONG -- Focusing on environmentally sustainable operations and lending policies can both save CUs money and provide them an avenue to younger members, according to a CEO of an Australian credit union which is a leader in the field.

LENEXA, Kan. -- Standard & Poor's joined Fitch Ratings in affirming U.S. Central's debt ratings, despite the corporate's recently announced 2007 losses.

HONG KONG -- The U.S. policy on conversions of nonprofit credit unions to for profit banks has drawn a mix of bewilderment and outrage from world credit union leaders attending this year's World Credit Union Conference.

NEW YORK -- The FBI has added the insolvent IndyMac Bancorp Inc. to its list of financial corporations worth investigating, the Associated Press is reporting. The bank is under investigation for possible fraud in connection with home loans made to risky borrowers.