News

NEW YORK - Moody's Ratings Service released the results of its regularly-scheduled credit union industry review this week, and delivered lumps of coal to several cooperative stockings.

WASHINGTON - Credit unions wanting to get back into the credit card market can consult a series of educational webcasts sponsored by CMC and NAFCU Services.

SACRAMENTO, Calif. - California Gov. Arnold Schwarzenegger's required state employees to take two unpaid days off each month next year. an attempt to corral a runaway state budget deficit that is expected to reach $42 billion by 2010.

WASHINGTON -- Two federal agencies delivered a lump of coal to lenders earlier this week, releasing a third quarter report that says loan modifications aren't working for a significant percentage of borrowers.

ANN ARBOR, Mich. -- Michigan Business Connection LC has hired Dave Wible, a 32-year banking and commercial lending veteran as its chief credit officer, a new position at the business lending CUSO.

WARRENVILLE, Ill. -- Balance Sheet Solutions' SimpliCD program is expanding beyond natural person credit unions, the CUSO announced today.