News

The $61 million Desert Energy CU of Tucson has merged with one of southern Arizona's largest credit unions, the $330 million Pima Federal Credit Union in a pact described as voluntary.

Rates on 30-year, fixed-rate mortgages increased slightly last month while rates on 15-year mortgages dropped, according to data released today by the Federal Housing Finance Agency.

The economy continued its downward slide during the first three months of the year, though at a slightly slower pace than during the last quarter of 2008.

Democratic strategist and political commentator Donna Brazile will be the keynote speaker at NAFCU's Congressional Caucus in September.

Bob Kane, president/CEO of Red Canoe Credit Union in Longview, Wash., announced the he will retire next month.

Credit unions, community banks and small business owners will be on the lineup at a Twitter virtual town hall meeting on ways to access credit.