Almost 70% of credit union executives surveyed by NAFCU reported an increase in members switching loans from banks during the past 12 months.

Credit union executives and volunteers wanting to learn more the Federal Housing Administration and its work with credit unions can sign up for NAFCU's Nov. 12 Webcast featuring FHA Commissioner David H. Stevens.

New Jersey's Credit Union League is "watching with interest'' that state's gubernatorial election, but its counterpart in Virginia is taking a more hands-on approach to the race for the state house in the Old Dominion.

E-mails claiming to be from the FDIC and asking recipients to open a "personal FDIC insurance file," are fraudulent, the agency said today.

Despite the availability of a tax credit for first-time buyers, sales of new homes fell 3.6% in September and were 7.8% below the level of September 2008, the Commerce and Housing and Urban Affairs Departments reported today.

As a result of the sluggish economy, 5.13% of all insured shares are in credit unions with CAMEL 4 or 5 ratings, and there are 326 credit unions with such ratings, NCUA Chief Financial Officer Mary Ann Woodson told the NCUA Board last Thursday.

Many accounts of the nation's economic problems go overboard either on the wonkish policy analysis at one end or the heartstring-tugging anecdotes on the other. It is rare to find a writer who strikes the necessary delicate balance.

Many large credit unions are still subject to additional examinations and concerns remain that federally chartered credit unions could be subject to potentially tougher state regulations.