ALEXANDRIA, Va. -- The net income of the NCUSIF fell $21.6 million in October, as the woes of the economy took their toll on credit unions.

WASHINGTON - Consumers bought fewer big-ticket items such as cars, appliances and office equipment last month as their personal income rose just .3%, the Commerce Department reported today

WASHINGTON -- At a time of economic tumult, credit unions will have the ear of the nation's top policymakers when NAFCU's Board has its 16th annual meeting with the Federal Reserve Board of Governors next Tuesday.

WASHINGTON -- In his Veterans Day remarks, President Bush recalled the heroic actions of Alonzo A. Swann Jr. during World War II that resulted in him being awarded the Navy Cross.

WASHINGTON -- NCUA Chairman Michael E. Fryzel reiterated his pledge to take an active role in preventing problems before they occur during a speech before the suburban chapter of the Maryland and D.C. Credit Union League.

WASHINGTON -- Former Federal Reserve Chairman Paul Volcker will lead a panel of business and economic advisers who will give regular advice to the new administration, President-elect Barack Obama announced today.

WASHINGTON - Commercial banks and savings institutions had a 94% drop in earnings during the third quarter from the same period last year, the FDIC reported today.

WASHINGTON - The gross domestic product fell .5% during the third quarter, compared with a 2.8% increase during the second three months of 2008, the Commerce Department announced today.