Credit Union Times | Accurate and Timely CU News

Public Funds Bills Make Progress as Oregon Governor Enacts New Law

By Jim Rubenstein

The campaign by CUNA and state leagues to win lawmaker support for the deposit of public funds in credit unions made important gains last week,

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Regulators: Ease Up on Loan Criteria

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Homeless, Youth Center Gets Boost

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April 06, 2010

Loan Delinquencies at Banks Fell in 4th Quarter

Loan delinquencies declined in eight of the 11 loan categories tracked by the American Bankers Association in the last quarter of 2009, the second consecutive overall quarterly improvement, the association announced today.

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April 06, 2010

Reg E Forces Overdraft Changes

A recent survey conducted by economic research firm and overdraft program provider Moebs Services showed that 1,800 banks and credit unions have made changes to

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April 06, 2010

CU Shows Strong Mortgage Activity in March

The $1.3 billion Truliant Federal Credit Union saw a 16% increase in the mortgage loans it closed in March 2010 over March 2009.

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April 06, 2010

Ambac Restructuring Could Mean Bad News for Corporate-Held MBS

The Wisconsin-based monoline insurer subsidiary of Ambac Financial Group has restructured its residential mortgage-backed securities guarantees into a separate,

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April 06, 2010

New Core Processing Startup Lands First CU Users

A pair of California credit unions will be the first users of a new core processing platform from a startup company formed by some well-known industry veterans.

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April 06, 2010

Former Texans CUSO CEO May Be Last in Line to Get Paid, If At All

Until creditors "holding a higher priority" are paid in full as Texans Insurance Group reorganizes under bankruptcy cover, it remains to be seen if the former CUSO's CEO will see any part of a $21 million order.

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April 06, 2010