News

The financial crisis that wreaked havoc on the economy was "the result of human action and inaction, not of Mother nature or computer models gone haywire," a government commission that spent 18 months studying the crisis concluded.

A decrease in the premiums on deposits at credit unions and banks in 2010 may have indicated a lesser amount of new capital was needed to fund loans.

Next month, Oregon's Advantis Credit Union will celebrate its second big event marking participation in the national Homes for Our Troops campaign building homes for severely injured soldiers who served in Iraq and Afghanistan.

TMG Financial Services, the card portfolio purchasing and agent issuing arm of the The Members Group, said it grew from both additional card portfolio purchases and from card use last year.

The Senate Banking Committee will have five new members during this session, as a result of assignments announced by the party leaderships on Thursday.

Persons interested in participating in the Feb. 17 virtual town hall with NCUA Chairman Debbie Matz can register for the session online, the agency announced today.

The NCUA Board has scheduled a special closed meeting at 5:00 p.m. tomorrow to consider a personnel matter, the agency announced today.

In separate letters, CUNA and NAFCU both urged the House Financial Services Committee to raise the cap on member business loans.