News

The U.S. Department of Housing and Urban Development endorsed 6,375 reverse mortgages in July and 62,034 through the first 10 months of FY 2006. FHA endorsed 43,131 loans for all of FY 2005. Year-to-date totals represent an 85% increase over the 33,543 loans endorsed during the same period last year.

NAFCU has promoted one of its governmental affairs staffers.

Special Report: Facilities When to branch out and where? Turn to the facilities special report on pages 22-24 to see how credit unions are handling that age old question. Leading SBA Lenders Credit unions are quickly becoming strong SBA lenders. See who leads the pack on page 17.

This Thanksgiving, needy families in Maine had something for which to be thankful.

The credit union industry is being confronted with a changing financial business model and various issues such as decreasing membership growth, an aging membership, minimal market differentiation, commodization and consolidation, that it needs to deal with to remain competitive. By forming the National Center for Collaboration and Innovation, NACUSO wants...

The $66 million Riegelwood Federal Credit Union continues to be a major player here in helping victims recover from a Nov. 16 tornado by raising $37,000 in disaster relief as well as contributing to the cleanup effort.