News

LENEXA, Kan. -- Fitch Ratings didn't downgrade U.S. Central Credit Union's ratings yesterday, despite the corporate's release of its final, externally audited 2007 financials, which show a $51 million net loss for the year.

HONG KONG -- Credit unions worldwide continue to grow and make progress even as they strive to adapt to shifting economic, social, political and even conflict situations, according to WOCCU CEO Pete Crear.

WASHINGTON -- The Securities and Exchange Commission said it and other securities regulators will immediately conduct examinations aimed at the prevention of the intentional spread of false information intended to manipulate securities prices.

HONG KONG -- Australian credit union executives attending this year's World Credit Union Conference have largely validated Visa and MasterCard's position on card interchange in the U.S.

ST. LOUIS -- Following news today that Anheuser-Busch Cos. and InBev have agreed to merge creating a $52 billion global brewery, Anheuser-Busch Employees' Credit Union is reassuring its 99,000 members that the financial institution will remain independent.

HONG KONG -- Former U.S Senator Paul Sarbanes (D-Md), one of the original authors of the Sarbanes-Oxley law, told reporters in Hong Kong today that, in his opinion, U.S. financial regulators need to better use regulatory authority they have already.