President Barack Obama's fiscal year 2010 budget authorizes $28 billion in loan guarantees and an appropriation of approximately $700 million for the agency.

NAFCU today asked NCUA for details about the terms of the agency's contract with the company that is reviewing all of the investments of corporate credit unions.

ALEXANDRIA, Va. -- The increased revenues from premiums and recapitalization are offsetting some of the losses to the NCUSIF and the fund's net income was $150 million last month, the NCUA board was told today.

In another move to keep bankruptcy at bay, small business lender CIT Group Inc. announced today that it is suspending dividend payments on some of its stock to improve liquidity and preserve capital.