Credit Union Times | Accurate and Timely CU News

Members United Receives Rating Watch Negative from Fitch

By Heather Anderson

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.

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Halleck: Keeping Equity Lending In-House Minimized Losses

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Nearly One-Third of California CUs Report Negative 1st Quarter ROA

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June 03, 2008

On-Site Coverage: CUs Stand Test of Time, Economists Say

LEDYARD, Conn.--Credit unions are pretty squeaky clean in their business practices but that won't exempt them from feeling the pinch of the current mortgage markets. However, it could open up some opportunities.

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June 03, 2008

On-Site Coverage: Corporates Don't Invest on Ratings Alone

LEDYARD, Conn. -- While the credit union community and others are experiencing the effects of an unprecedented market, Members United Corporate Federal Credit Union CEO Joe Herbst assured that the corporate was weathering the storm just fine.

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June 03, 2008

Interstate Branching on Northwest Upswing

PORTLAND, Ore. -- The Northwest is now becoming a credit union hot spot for interstate branches.

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June 03, 2008

Allied Solutions Buys MJB Insurance Services

CARMEL, Ind. -- Allied Solutions LLC has bought MJB Insurance Services Inc., a provider of financial products and services and insurance to credit unions in Kansas, Missouri and Nebraska.

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June 03, 2008

Anti-Payday Moves Open CU Doors, Say Leagues

DUBLIN, Ohio -- Credit unions here and in Pennsylvania were expecting this week to be stepping up their promotion of payday alternative products, including StretchPay and Better Choice, in the wake of major legislative and regulatory setbacks to the payday industry.

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June 03, 2008

VA Credit Union League Backs Mark Warner for U.S. Senate

WASHINGTON--Saying he is a "friend and fan of member-owned credit unions,'' the Virginia Credit Union League is backing former Gov. Mark Warner for the open U.S. Senate seat there.

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June 03, 2008

Wachovia Ousts CEO Thompson

CHARLOTTE, N.C. -- The heads continued to roll yesterday in reaction to poor decisions made at major banks roiled by losses from the housing downturn as Wachovia Corp. tossed its chief executive Ken Thompson.

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Top News Stories

Members United Receives Rating Watch Negative from Fitch

Halleck: Keeping Equity Lending In-House Minimized Losses

Nearly One-Third of California CUs Report Negative 1st Quarter ROA

Recommended Just For You

News Stories

On-Site Coverage: CUs Stand Test of Time, Economists Say

On-Site Coverage: Corporates Don't Invest on Ratings Alone

Interstate Branching on Northwest Upswing

Allied Solutions Buys MJB Insurance Services

Anti-Payday Moves Open CU Doors, Say Leagues

VA Credit Union League Backs Mark Warner for U.S. Senate

Wachovia Ousts CEO Thompson