NCUA liquidated the remains of the troubled Huron River Area Credit Union on Saturday, Nov. 17 and sold it to Detroit Edison Credit Union in a purchase and assumption.

Reader feedback to a local story about a credit union to bank charter conversion suggests that member opposition to the move is at least flickering among some of the members of the $113 billion First Basin Credit Union.

The House last night passed the Mortgage Reform and Anti-Predatory Lending Act of 2007 (H.R. 3915) with some amendments but not a key one for credit unions.

After taking some time to mull over the provisions of Emergency Home Ownership and Mortgage Equity Protection Act of 2007 (H.R. 3609), CUNA has announced that it could support some "surgical" changes to the bankruptcy code as it applies to the subprime mortgage crisis.