News

WASHINGTON -- Federally insured credit unions are financially "strong and healthy,'' despite an increase in delinquency among real estate loans reflecting the current state of the economy, NCUA Board Chairman JoAnn Johnson told lawmakers Thursday.

PHILADELPHIA -- The Federal Reserve Bank of Philadelphia said Thursday it has invited credit union CEOs and their reps to a June 25 meeting of financial institution leaders to review "the latest information on foreclosure prevention loans and assistance" amidst the mounting foreclosure problem in metropolitan Philadelphia.

PHOENIX -- Faced with shrinking membership and a need to economize, state leagues, like the rest of the industry, are adapting to conditions and so far "there is no crystal ball" as to the future structure or service menu of the trade groups, the CEO-designate of the Credit Union Association...

ATLANTA -- After 36 years with Georgia's Department of Banking and Finance, Wayne Orr, supervisory manager of credit unions and banks, retired on June 1.

ATLANTA -- After 36 years with Georgia's Department of Banking and Finance, Wayne Orr, supervisory manager of credit unions and banks, retired on June 1.

WASHINGTON -- Ending several weeks of political wrangling between the Senate Democrats and Republicans, the Senate on Wednesday night confirmed Small Business Administration Administrator Steven C. Preston to be secretary of housing and urban development.

WASHINGTON -- Want to make yourself more effective in your job and other aspects of your life?

OAKLAND, Calif. -- The ailing Kaiperm Federal Credit Union here, which lost $2.1 million in the first quarter of 2008 and has a return on assets of--8.888% may be merged with the $5.5 billion Alliant Credit Union, Chicago, Credit Union Times has learned.