News

ALEXANDRIA, Va. -- Almost 20% of insured shares were in credit unions with a rating of CAMEL 3 or higher last year and the NCUSIF's equity ratio fell to 1.24% last month, NCUA Chief Financial Officer Mary Ann Woodson told the NCUA Board today.

Consumers showed less reluctance to buy big-ticket items such as cars, appliances and office equipment last month, the Commerce Department reported today.

Federal Reserve Chairman Ben S. Bernanke came one step closer to a second term this afternoon when the Senate voted 77-23 to end the debate on his confirmation.

Credit unions seeking to promote the consumer-friendly nature of their mortgage programs might seek certification from a new consumer mortgage organization.

Online account opening-the first from a statewide credit union in Arizona-is the latest offering from $1.3 billion Arizona State Credit Union.

In his experience, Dr. Robert Manning said credit unions aren't as flexible as banks when it comes to negotiating debt with struggling consumers.