As the case across the country, the housing market continues to be a source of concern for Georgia and credit unions are being urged to educate members more.

Federal Reserve Chairman Ben Bernanke spoke yesterday about the problems in the subprime mortgage market, rising foreclosures and possible regulatory responses in a speech at the Chicago Federal Reserve Bank here.

The ability of credit unions to provide international remittance services to immigrants in the U.S. benefits the immigrants, their families in their home countries and the credit unions themselves, explained CUNA Vice President David Grace before a subcommittee of the House Financial Services Committee.

Before credit unions can set out on a path to grow membership, some critical, hard questions need to be answered first.