News

WASHINGTON -- Federal Reserve Chairman Ben Bernanke has signaled a halt to further rates cuts citing a larger concern now over inflation worries, as it has now reached an annual rate of 3.9% for April.

WASHINGTON -- House Financial Services Committee Chairman Barney Frank expressed optimism Thursday that the House will pass some kind of regulatory reform measure for credit unions this year.

DUBLIN, Ohio -- Seeking to enhance its legislative profile, the Ohio Credit Union League has sold its headquarters building here and is planning a year-end move to a site near the state capitol building in downtown Columbus.

WASHINGTON -- Citizens Community Credit Union President and CEO Darwin Brokke told lawmakers Thursday that programs exist for Native Americans to get loans to tide them over during hard times and avoid using payday lenders.

PLEASANTON, Calif. -- The HELOC loan program that saddled Sterlent Credit Union here with big losses making it insolvent were brokered by World Savings/Wachovia' Correspondent Brokers Network, Credit Union Times has learned. The $98 million asset institution posted a net income loss for the quarter ending in March of $5.5...

WASHINGTON -- Federally insured credit unions are financially "strong and healthy,'' despite an increase in delinquency among real estate loans reflecting the current state of the economy, NCUA Board Chairman JoAnn Johnson told lawmakers Thursday.