Credit Union Times | Accurate and Timely CU News

Bank of America Negotiating for Countrywide

By Staff Writer

CALABASAS, Calif. -- Countrywide, the largest provider of home loans in the country will be acquired by Bank of America for a reported price tag of $4 billion.

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Fiserv, UHC Complete Health Businesses Buy

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Fiserv, UHC Complete Health Businesses Buy

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January 10, 2008

Pentagon Joins NCBA

ALEXANDRIA, Va. -- The $10.5 billion Pentagon Federal Credit Union has joined the National Cooperative Business Association, a move which the CU said should help emphasize its identity as a financial cooperative. The NCBA is the lead national membership association representing cooperatives of all types and in all industries.

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January 10, 2008

Provincial CUs, Desjardins to Oversee $5 Billion Investment Firm

TORONTO -- Provincial Credit Union Centrals and Desjardins Group announced today the completion of a partnership between Northwest Funds and Ethical Funds that will create a $5.5 billion investment firm.

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January 10, 2008

AACUC Poll: Subprime Mortgages Causing Most Loan Delinquencies

SHREVEPORT, La. -- A snapshot poll comprised by the African-American Credit Union Coalition currently shows that subprime mortgage loans are causing most of the delinquencies in loan portfolios.

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January 10, 2008

With Swipe at Banks, DFCU Distribute $17 Million Dividend

DEARBORN, Mich. -- Marking what is being described as an "history-making" patronage payout of $17 million, the $1.8 billion DFCU Financial CU went out of its way Thursday to remind the public of its role in trying to help the state's deeply troubled economy.

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January 10, 2008

Americans' Card Spending Breaks Record For Second Consecutive Year

PORT CHARLOTTE, Fla. -- Americans put over $2.2 trillion on their major credit cards for purchases and cash advances, according to CardTrak.com, a Web site which tracks card trends.

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January 10, 2008

Teens Ripe Market For Cards, Study Finds

NEW YORK -- A new report from market research firm Packaged Facts indicates that children aged 12-17 are ready for greater involvement with financial services in general and cards in particular.

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January 10, 2008