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Nevada Bankers Hit Ensign Business Loan 'Inexperience'

By Jim Rubenstein

The head of the Nevada Bankers Association found last Friday's takeover of troubled Ensign Credit Union of Henderson by a Dallas CU "a real question mark as to whether credit unions should be in the business of making commercial loans."

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On-Site Coverage: CA and NV League Speakers Predict CUs Will Gain Strength

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'Rally Towel' Soaks up Attention for Clearview

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November 15, 2009

Texas CU Converts to Sharetec Platform

Hereford Texas Federal Credit Union has converted to a new core processing platform from Sharetec Systems Inc., the company and credit union said.

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November 15, 2009

FIRST ROI Touts Quick Uptake of Online Opening Tool

FIRST ROI said it has signed more than 275 users of its INMO online account opening system in the six months since it's been launched, including 84 credit unions.

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November 15, 2009

Bernanke Offers Mixed Economic Forecast

The economy is likely to experience continued growth next year but there are some "important headwinds" that will "prevent the expansion from being as robust as we would hope," Federal Reserve Chairman Ben Bernanke said today.

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November 15, 2009

Retail Sales Increase

Consumers were a bit more willing to open up their wallets last month as retail sales increased 1.4%, following a 1.5% decline in September, the Commerce Department reported today.

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November 15, 2009

Matz: Recovery of Depleted Corporate Capital is 'Unlikely'

Owners of depleted corporate capital aren't likely to get it back, even if loss estimates that supported the write downs were too high, according to a statement issued today from Chairman Debbie Matz.

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November 15, 2009

Pentagon Federal to Start Issuing American Express Cards

The $13.5 billion Pentagon Federal Credit has announced that it is the only credit union in the country, at least for now, to issue American Express cards.

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November 15, 2009

Pentagon FCU's Pollack to Testify on Overdraft Bill

Pentagon Federal Credit Union President/CEO Frank Pollack is scheduled to be one of five witnesses to testify at Tuesday's Senate Banking Committee hearing on legislation to restrict overdraft fees.

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Top News Stories

Nevada Bankers Hit Ensign Business Loan 'Inexperience'

On-Site Coverage: CA and NV League Speakers Predict CUs Will Gain Strength

&#039;Rally Towel&#039; Soaks up Attention for Clearview

Recommended Just For You

News Stories

Texas CU Converts to Sharetec Platform

FIRST ROI Touts Quick Uptake of Online Opening Tool

Bernanke Offers Mixed Economic Forecast

Retail Sales Increase

Matz: Recovery of Depleted Corporate Capital is 'Unlikely'

Pentagon Federal to Start Issuing American Express Cards

Pentagon FCU's Pollack to Testify on Overdraft Bill

'Rally Towel' Soaks up Attention for Clearview