News

ARLINGTON, Va. -- NAFCU has surveyed its members and, not surprisingly, found that they strongly oppose private share insurance.

WASHINGTON -- In a joint release and submission to the Federal Register the five federal financial regulators issued what they called "illustrations" that are meant to help financial institutions better serve consumers seeking subprime and adjustable rate mortgages.

HAMPDEN, Maine -- The chairman of the American Credit Union Mortgage Association, John Reed, added his voice Thursday to the call by industry leaders to help find CU solutions to the mortgage crisis whether it be hotlines, funding platforms or CUSO linkage, all aimed at helping subprime victims.

LENEXA, Kansas -- U.S. Central Credit Union informed its members recently about $20 million in investment-related losses appearing on its July 31, 2007 financial statement.

NEW YORK -- Elementary school is the optimum time to start teaching kids about money management, CUNA President/CEO Dan Mica advised in an article in the August issue of Parents magazine.

MADISON, Wis. -- Twelve new credit union executives have been chosen to replace those members of the i3 group who have fulfilled their three-year term to encourage the development of new ideas and innovations for credit unions.