News

WASHINGTON - The combination of skyrocketing housing prices, lower wage growth and rising interest rates coupled with the growing necessity for lenders to be able to offer borrowers dealing with affordability challenges with more mortgage options have prompted Fannie Mae to expand its 40-year fixed-rate mortgage program nationwide out of...

HERNDON, Va. - CU Realty of VA, MD, DC LLC can never be accused of getting off to a slow start. In its first three months of business, CUR LLC generated $7 million in real estate transactions, secured more than $4 million in mortgages, and paid more than $73,000 in...

WASHINGTON - Rising interest rates coupled with appreciating home prices nationwide are forcing credit unions involved with mortgage lending to offer members more non-traditional mortgage products. No where is this more evident than in the growing popularity of adjustable rate mortgages (ARMs). In a May 17th Webinar hosted by Callahan...

Find out how Kinecta FCU got into the trust services game. Read about that and more trust and investment news on the special report on pages 22-26.

The NCUA Board held a relatively uneventful May meeting, while CUs were given an opportunity to testify before Congress on regulatory relief. Page 3.

HERSHEY, Pa.-In what might be called the "state of the Pennsylvania state charters address," members of the Pennsylvania Department of Banking expressed a positive review of credit union performance in 2004. Comments were made as part of a State Banking Forum held at the 2005 Pennsylvania Credit Union Association Annual...

WASHINGTON - Investments topped the $2 billion mark for credit unions with the most invested. No surprise Navy Federal Credit Union ranked first in investments with nearly $7 billion followed by Alliant CU with $2.4 billion. From there, the amounts drop off from $2 billion to $487 million invested by...

TAMPA, Fla. - MEMBERS Trust Co. has promoted John Largent to chief investment officer. Largent joined MEMBERS Trust in 2004 as senior investment officer. He has more than 20 years of financial services experience and holds an undergraduate degree in Finance/Banking and a Master of Business Administration degree from the...