News

WASHINGTON -- As widely anticipated, The Board of Governors of the Federal Reserve has cut its target for the federal funds rate 25 basis points to 4-1/4%, though some are disappointed that the cut was not deeper.

ALEXANDRIA, Va. -- The National Credit Union Administration (NCUA) has notified members of Norlarco Credit Union, Fort Collins, Colo., today that the selection of a buyer of its remaining assets and operations will be delayed until January.

ALEXANDRIA, Va. -- The National Credit Union Administration (NCUA) has notified members of Norlarco Credit Union, Fort Collins, Colo., today that the selection of a buyer of its remaining assets and operations will be delayed until January.

MERRIFIELD, Va. -- Navy Federal Credit Union, the nation's largest CU ranked number 34 on the American Banker's recently published list of leading residential mortgage servicers, informed Bill Tessier, NFU's real estate/builder liaison.

MERRIFIELD, Va. -- Navy Federal Credit Union, the nation's largest CU ranked number 34 on the American Banker's recently published list of leading residential mortgage servicers, informed Bill Tessier, NFU's real estate/builder liaison.

WASHINGTON -- Working with consumer groups and members of Congress, NAFCU said that a compromise it sought over H.R. 3609 to allow bankruptcy judges to alter mortgages shall be limited to subprime and non-traditional loans and will be included in a manager's amendment tomorrow at mark-up.