News

CHILLIWACK, BC --Those famous Canadian stick figures on YouTube are crossing the border.

WASHINGTON -- About 55% of domestic banks have reported tightening their lending standards on commercial and industrial loans to large and midsize businesses over the past three months, according to the Federal Reserve Board's April 2008 Senior Loan Officer Opinion Survey on Bank Lending Practices.

WASHINGTON -- NCUA Board Chairman nominee Michael Fryzel promised law makers that he would ensure that there is a "healthy and dynamic, arms length relationship with industry, characterized by active listening, open-mindedness, and willingness to work together to achieve a shared goal of a strong and vibrant credit union industry."

WASHINGTON -- NCUA Board Chairman nominee Michael Fryzel promised law makers that he would ensure that there is a "healthy and dynamic, arms length relationship with industry, characterized by active listening, open-mindedness, and willingness to work together to achieve a shared goal of a strong and vibrant credit union industry."

CHICAGO--Fitch Ratings placed Members United Corporate on Rating Watch Negative late last week, assigning the $13.8 billion credit union a long-term IRD AA- rating. According to a Fitch release, the negative watch reflects a concern the corporate might experience some meaningful losses in its investment book.

SACRAMENTO -- Nearly one-third of all credit unions in California reported negative ROA during the 1st quarter 2008, thanks to large increases in loan loss provisions. Delinquencies and charge-offs are up at $6.7 billion The Golden 1 Credit Union, too; but, CEO Teresa Halleck's shop also delivered 0.92% ROA for...