News

Senate Banking Committee Chairman Christopher Dodd (D-Conn.) today asked NCUA Chairman Debbie Matz and other regulators for an update on their effort to stabilize the commercial real estate market.

The $25 million dollar Lower East Side People's Federal Credit Union, headquartered in Manhattan, has doubled the number of new accounts it is opening, partly in response to the Huffington Post's high profile effort called Move Your Money.

WASHINGTON -- Credit unions should aim to serve 100 million members by 2015 but should grow cautiously and with attention to safety and soundness, NCUA Board Chairman Debbie Matz told attendees at CUNA's Governmental Affairs Conference.

The U.S. Treasury Department is not the only organization providing a conference call for community development credit unions to get more information about how they can apply for low interest Federal loans under the Troubled Asset Relief Program.

After its debut a year ago, Navy Federal Credit Union said this week it is getting very positive results from a 1-1.5% cash rewards program on its credit card.

Declaring the existing business model to no longer be viable, the CUNA Corporate Credit Union Task Force today released a report that asks CUNA's GAC and board to support a radically pared down corporate system.