News

Fitch has also placed all individual ratings on rating watch negative. The rating outlook is stable for all long-term IDRs.

ARLINGTON, Va. -- CUNA President/CEO Dan Mica said the economic crisis, coupled with the large number of vacancies in the Treasury Department are combining to create many unknowns about federal policies affecting credit unions.

ALEXANDRIA, Va. -- The NCUA has a new top enforcer. Region V Director Melinda Love was named director of the agency's Office of Examination and Insurance last week.

Fitch Ratings took negative ratings action on individual corporates on Feb. 10, citing economic turmoil, credit market disruptions and exposure to potential write-downs of their paid-in-capital and PIC II investments at U.S. Central.

DENVER -- Default management and residential collateral firm Integrated Asset Services released its IAS36 House Price Index for December on Feb. 10, which included the firm's anticipated 10 hardest hit counties list.

CUNA Mutual Group has teamed up with Lee & Mason Financial Services Inc. to offer a stand-alone commercial foreclosure property and liability insurance policy for credit unions' member business loans.