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ANCHORAGE, Alaska – The state’s 12 credit unions were inundated Friday, as they are every year at this time, with new deposits, as the state paid its residents $1.6 million worth of annual Permanent Fund Dividends and “resource rebates.”
September 14 -
ALEXANDRIA, Va. – NCUA said losses for the National CU Share Insurance Fund continued to grow in July, as the credit union deposit insurance fund reported its biggest single-month loss ever of more than $225 million.
September 14 -
ALEXANDRIA, Va. – Red ink is forcing more credit unions into the arms of a merger mate, as increasing numbers of troubled credit unions have announced plans to combine in recent weeks.
September 14 -
BOSTON – One of 11 individuals charged in the data breach at TJX Cos. and numerous other retail chains last Thursday pleaded guilty to his role in the largest-ever theft of credit card information.
September 14 - Pennsylvania
Three Pennsylvania credit unions granted community charters would return to serving only specific groups under an American Bankers Association proposal to a federal court in Harrisburg.
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WASHINGTON - Credit unions were dipping their feet back into the secondary mortgage markets last week after the federal government takeover of financially troubled Fannie Mae and Freddie Mac, while prospects for billions of dollars in credit union investments in the two companies were brightening.
September 12 -
KENNEBEC, Maine - In a new permutation of a credit union conversion to bank, officials of KV FCU have tentatively agreed to merge into nearby Kennebec Savings Bank, a venerable thrift that traces its roots back to 1870.
September 12 -
MANCHESTER, N.H. - On Nov. 24, 1908, in a first floor office of a three-story, hillside house on Notre Dame Ave. that overlooked the local textile mills, Joseph Boivon accepted the very first deposit into America's very first credit union.
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WEST MIFFLIN, Penn. - Every time United Community FCU employees drive to work, pick up the kids from school, and stop by the supermarket, they're promoting the credit union.
September 12 -
PASADENA, Calif. - LA Financial FCU has agreed to a three-year, co-branded partnership with community service organization Operation HOPE that aims to expand membership opportunities in an underserved area of Los Angeles.
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TUKWILA, Wash. - The International Association of Machinists Workers has gone on strike against management of aircraft manufacturer Boeing, prompting BECU to activate its Member Assistance Program.
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WASHINGTON - The Federal Financial Institutions Examination Council released the 2007 Home Mortgage Disclosure Act (HMDA) expressing concern that differences in price and approvals among various ethnic groups continues.
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TAMPA, Fla. - A troubled mortgage market marked by tighter underwriting standards and increased foreclosures has led to a number of alternatives being proposed to traditional mortgages.
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DECATUR, Ill. - Sometimes keeping it simple can pay huge dividends.
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SPRINGFIELD, Ill. - Eight credit unions have agreed to help plug the growing hole in student loan funding by investing $100 million in securities to fund new Stafford loans for Illinois students.
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I wouldn't look for a show called "CSI: Credit Union" on television anytime soon, but that's not because it wouldn't be Must-See TV.
September 12