News

CHICAGO--Fitch Ratings has assigned another corporate a Rating Watch Negative, this time assigning Southwest Corporate CU a long-term IRD AA- rating. According to Fitch, the negative rating reflects a concern the $14 billion corporate could experience some investment losses.

PALO ALTO, Calif. -- Forget the lattes, at The Addison Caf?(C) (http://theaddisoncafe.com), it's all about serving up a financial resource for Generation Y consumers.

WASHINGTON -- Encouraging credit unions to make special provisions to expedite the loan-approval process and liberalize the terms of some of those loans are parts of the disaster-relief policy activated by NCUA in response to the storms and tornadoes in Iowa and Indiana.

MADISON, Wis. -- With flooding attention of credit unions now being shifted to areas along the Mississippi River, CUNA Mutual Group predicted Friday damage and casualty claims seem certain to rise as more flood-related evacuations take place in communities in rain-soaked Iowa and Wisconsin.

MADISON, Wis. -- With flooding attention of credit unions now being shifted to areas along the Mississippi River, CUNA Mutual Group predicted Friday damage and casualty claims seem certain to rise as more flood-related evacuations take place in communities in rain-soaked Iowa and Wisconsin.

MADISON, Wis. -- CUNA Mutual Group said Friday credit unions in four states are now closed due to flooding and power outages with some reporting water damage though none have reported any significant losses.