News

SALT LAKE CITY -- Gov. Jon Huntsman Jr.'s start of a four-day work week next month for 16,000 government employees to save on energy and driving expense shows no signs of catching on so far with credit unions or banks.

WASHINGTON -- Underscoring banker troubles on home equity loans, the American Bankers Association said this week HELOC delinquencies rose 14 basis points to 1.10% during the first quarter, marking the highest rate for that loan category since ABA began collecting data in 1987.

WASHINGTON -- Lenders would be barred from making loans without regard to a borrower's income and could not penalize people who pay their loans off early, according to regulations the Federal Reserve plans to issue next week.

WASHINGTON -- Lenders would be barred from making loans without regard to a borrower's income and could not penalize people who pay their loans off early, according to regulations the Federal Reserve plans to issue next week.

BROOKLYN, NY-- For the seventh year, the $1.2 billion Polish and Slavic Federal Credit Union is supporting the educational aspirations of its members. PSFCU contributed $300,000 to help defray the educational costs of its high school and college student members.

WASHINGTON -- Fears that the woes of the housing industry are not over were triggered Monday when shares of Fannie Mae and Freddie Mac fell to their lowest levels in 14 years.