In a time of statewide budget cuts, Local Government Federal Credit Union has found a creative way to support the state's emergency response personnel.

The management team of the now-defunct Norlarco Credit Union inadequately managed its residential lending program, while NCUA and Colorado regulators didn't monitor the credit union closely enough or pay attention to safety and soundness concerns.

The debt-to-income ratio of credit union members applying for mortgage modifications during the last year was 50.5%, according to NAFCU's Flash Report released today.

In yet another move to protect investors, the Securities and Exchange Commission has proposed a list of protections that aim to scrutinize how and if investment advisers are handling their client's assets properly.