News

After Hurricane Katrina pummeled New Orleans in the summer of 2005, VAHNOLA Federal Credit Union immediately felt the strong impact.

The Iowa Credit Union Foundation, together with Coopera Consulting--a subsidiary of the Iowa Credit Union League--has secured more than $425,000 from an anonymous foundation to establish the first credit union Individual Development Account savings program in Iowa.

When the real estate boom was booming, Huron River Area Credit Union boomed right along with it. But as the tide turned, so did the CU's financials.

Increasing new home sales in the western part of the country could mean the housing slump is turning the corner, NAFCU Chief Economist Tun Wai forecast.

Credit unions around the nation are generally seeing significantly improved credit card portfolio performance, according to an analysis of second quarter card portfolio activity.

Recovery efforts in New Orleans show two totally different sides, said Peter Ricchiuti, who still has vivid memories of Hurricane Katrina.