News

The National Federation of Community Development Unions has waded into the controversy over how the NCUA should handle the losses at corporate credit unions and has come down firmly in the camp of taking government help.

ALEXANDRIA, Va. -- The increased revenues from premiums and recapitalization is offsetting some of the losses to the NCUSIF, and the fund's net income was $150 million last month, NCUA staff reported to the board last Thursday.

Reduced payments as part of modified mortgages agreed to by credit unions and other loan servicers would stay in place for five years, according to the details of the Obama administration's housing assistance plan released today.

Harland Financial Solutions said several more credit unions are now using its UltraData Enterprise core processing solutions.

ATLANTA -- To help understand why the world is in the current financial crisis, it would help to define what the crisis really is.

The Credit Union Association of New York is backing Assembly Minority Leader James Tedisco in the special election for the U.S. House seat formerly held by U.S. Sen. Kirsten Gillibrand, D-N.Y.