News

Federal regulators would have the power to limit the size of certain banks and their ability to take certain risks, under a proposal unveiled today by President Obama.

Credit union employees who want to learn how to balance efforts to maximize earnings while not taking excessive risk can participate in NAFCU's Feb. 3 Webcast on the subject.

Credit unions wrote 5% of the nation's mortgages in the third quarter of 2009 and industry analysts anticipate a similarly high number for the year overall.

Reversing a 20-year old precedent, the U.S. Supreme Court today ruled that corporations and unions can use money from their general treasuries to make campaign contributions.

The $8.5 billion BECU of Seattle cited recently as a favored financial institution in the media and Congressional focus on big bank practices is prepping for a February marketing campaign tapping into the "mad as hell" sentiment.

A holding company for OmniAmerican Bank, formerly OmniAmerican Credit Union, started trading stock on the NASDAQ stock exchange this morning after members of the federally chartered thrift voted to approve a conversion to a stock issuing bank.