News

better known as the GSE bill--this afternoon.

As a strong demonstration of the turn in the economy, credit union lending was up more than 4% in the first quarter of 2007 while loan growth was virtually flat.

Maine credit unions won high praise from the state's Governor John Baldacci, as well as from two U.S. Congressmen who spoke over the weekend at the 69th annual convention of the Maine Credit Union League.

Wescom Credit Union has acquired CU West Mortgage, the preferred mortgage provider to the California CU League and will merge it into CUSO Mortgage, Inc., which it acquired last year. The deal was done through its Wescom Holdings, LLC CUSO.

After 17 years serving as Jeanne D'Arc Credit Union's President/CEO, Paul R. Mayotte has announced he plans to retire in December.

A new rating system from the Small Business Administration that ranks lenders portfolio performance will go into effect June 15.