HIGHLANDS RANCH, Colo. -- Demonstrating practical commitment to safety/soundness and calling its action "a bold step," the $150 million Red Rocks Credit Union has lowered rates on its $13 million portfolio of variable rate loans as a way of "reducing the financial burden of our members."

MADISON, Wis. -- Two new executives have joined CUNA Mutual Group's consumer products group in an effort to position the business for growth and deepen relationships in the marketplace.

WASHINGTON -- The federal government would make grant and loan money available to encourage financial institutions to reach out to low-income consumers who do not have credit union bank or credit union accounts, if a bill introduced Thursday by Sen. Daniel Akaka (D-Hawaii) passes.

WASHINGTON -- Unemployment rose to 5.7% in July, the highest in four years, as businesses cut 62,000 jobs, the Department of Labor reported today.