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Fryzel Rejects Use of Share Insurance to Buy Bad Assets

Peter Westerman | December 17, 2008

ALEXANDRIA, Va. -- NCUA Chairman Michael E. Fryzel said yesterday that any program to buy bad mortgages from credit unions should not be financed by the NCUSIF, but by the Treasury Department's Troubled Asset Relief Program.

California Health Benefit Nonprofit Preps for 2009 Debut

Peter Westerman | December 17, 2008

SAN FRANCISCO -- After 15 months of groundwork and NCUA's approval, Credit Union Health Benefits of America, a new health plan nonprofit mutual benefit corporation, will make its debut in early 2009.

Deciding Which CUs to Cut Difficult Task ShareBuilder Admits

Peter Westerman | December 17, 2008

BELLEVUE, Wash. -- Online broker ShareBuilder Corp. said deciding which credit unions partnerships to keep and which to end has been a difficult process.

Wisconsin CU Finds Temporary Foreclosure Halt Helpful

Peter Westerman | December 17, 2008

JANESVILLE, Wis. - The Chrysler shutdown may top the economic bad news but the $300 million Blackhawk Community Credit Union is girding for the worst in this already hard-hit General Motors town.

NCUA Expands Activities of CUSOs

Peter Westerman | December 17, 2008

ALEXANDRIA, Va. - The NCUA today added two new permissible CUSO activity categories-credit card loan origination and payroll processing services-and broadened the reach of two service categories.

Environment Will Fast Forward CU Mergers, Economist Predicts

Peter Westerman | December 17, 2008

MADISON, Wis. -- Extreme market pressures coupled with a recession will accelerate the rate of credit union mergers going forward, according to Dave Colby, chief economist at CUNA Mutual Group.

CRL Issues Two Reports Critical Of Mainstream Card Practices

Peter Westerman | December 17, 2008

DURHAM, N.C. -- The Center For Responsible Lending, an affiliate of the $301 million Self-Help Credit Union, has issued two reports highly critical of mainstream credit card practices which bank card issuers will have to abandon as of July 2010.

WOCCU Accepting DSA Nominations

Peter Westerman | December 17, 2008

MADISON, Wis.--World Council of Credit Unions has issued its call for nominations for the prestigious Distinguished Service Award, the highest honor bestowed by the international credit union system. Nomination forms are due March 2, 2009.

Homebuyers Less Likely to Purchase Foreclosures

Peter Westerman | December 17, 2008

SAN FRANCISCO - Homebuyers are souring on foreclosed properties, according to a survey released by California-based real estate data firms Trulia.com and RealtyTrac.

North Island Adopts Iconix Anti-Phishing Solution

Peter Westerman | December 17, 2008

SAN DIEGO -North Island Credit Union has chosen the Truemark service from Santa Clara-based Iconix Inc. (www.iconix.com) to help fight phishing.

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Fryzel Rejects Use of Share Insurance to Buy Bad Assets

California Health Benefit Nonprofit Preps for 2009 Debut

Deciding Which CUs to Cut Difficult Task ShareBuilder Admits

Wisconsin CU Finds Temporary Foreclosure Halt Helpful

NCUA Expands Activities of CUSOs

Environment Will Fast Forward CU Mergers, Economist Predicts

CRL Issues Two Reports Critical Of Mainstream Card Practices

WOCCU Accepting DSA Nominations

Homebuyers Less Likely to Purchase Foreclosures

North Island Adopts Iconix Anti-Phishing Solution

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