ALEXANDRIA, Va. -- The NCUA Board has approved an assessment of 12.42 basis points that federally insured credit unions must pay to shore up the NCUSIF, which has seen its assets drained because of losses in the credit union system.

The Senate today passed a small business lending bill that includes a $30 billion fund to encourage community bank lending-but without a provision to raise the cap on member business loans from 12.25% to 27.5% of assets.

LAS VEGAS -- Radian Guaranty CEO Teresa Bryce told credit union mortgage executives that the numbers of foreclosed and distressed properties were weighing down the mortgage market.

SOFCU Community Credit Union and Oregon First Community Credit Union today announced their intent to merge in early 2011 pending regulatory approval and a vote of SOFCU's membership.