News

While much discussion regarding subprime lending has focused on direct loan portfolio risk, little has been said about another type of balance sheet exposure: mortgage-backed investments, which gained in popularity during the real estate boom.

It appears that stronger deposit relationships are fueling membership growth these days as credit unions continue to come off the indirect lending wave that brought in new members a few years ago.

TopLine Federal Credit Union is challenging local consumers to get better rates on credit.

Bankruptcy filings for the 12-month period ending June 30, 2007 increased from the 12-month periods ending in March 2007 and December 2006.

Maryland & District of Columbia Credit Union Association CEO Mike Beall recently announced some clarification of senior staff duties to help focus the organization on its four prime areas of focus: advocacy, services, membership and finance.

Year-to-date total revenue figures are slightly above those of the first six months of 2006 for CUSO Financial Services, LP, a broker dealer and registered investment adviser to credit unions.