News

LANSING, Mich. -- The "Invest in America" program, getting a nationwide launch with both General Motors and Chryslers LLC today, is already producing a sales uptick in dealer showrooms, according to executives of the two automakers.

RICHARDSON, Texas -- The financial losses Texans Credit Union experienced in 2008 "started to take a toll" on President/CEO David Addison, who announced yesterday he would resign, said Mike Sauer, interim CEO and 16-year board member.

MIAMI - Default Research (http://www.defaultresearch.com) is reporting that South Florida lenders filed 101,000 foreclosure-related lis pendens in 2008. Miami-Dade County led the region with 47,672, representing 4.91% of total households.

BOSTON -- Broker-dealer LPL Financial Corp. said to streamline operational costs, it will have to reduce its staff by 10% however the division that serves credit unions will not be affected.

AUGUSTA, Maine -- As a new state legislature takes office, Maine credit unions are optimistic about developing relationships with lawmakers, including contacts with the Business, Research and Economic Development Committee,

TULLAHOMA, Tenn. -- Ascend Federal Credit Union recently received national media attention when a frustrated Bank of America credit card holder closed her account.