News

WASHINGTON -- The Commerce Department said today that its initial estimate that the gross domestic product would fall 0.5% during the third quarter, compared with a 2.8% increase during the second three months of 2008, was accurate.

WASHINGTON -- Treasury's inspector general has reported that its western regional director had approved the backdating of a capital infusion into the failed IndyMac Bank to avoid repercussions of a falling capital position.

LINCOLN, Neb. -- Aliant Credit Union is putting the finishing touches this month on its merger with Southeast Nebraska FCU of Beatrice, creating the state's 10th largest.

INDIANAPOLIS -- The "Invest in America" auto loan deal, put forward this month by the Michigan Credit Union League, Midwest leagues and CUNA, won praise this week from Sen. Richard Lugar (R-Ind.) to help spur auto purchases.

SAN DIMAS, Calif. -- Moody's Ratings Service announced yesterday that it has downgraded Western Corporate Federal Credit Union's long-term rating from Aa3 to A2, and placed both that rating and WesCorp's Prime-1 short-term rating on review.

WASHINGTON -- Credit unions and their members looking for information on how to avoid having one's identity stolen can download a copy of the brochure You Have the Power to Stop Identity Theft from NCUA's Web site.