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WASHINGTON - Despite record-low mortgage rates and an overall rise in the U.S. homeownership rate, findings from a recently released study show homeownership rates for low- and moderate-income working families have declined since the late 1970s. The paper, "Working Families with Children: A Closer Look at Homeownership Trends, May 2004"...

HAYWARD, Wis. - A course in financial literacy may soon figure in loan decision-making at a tiny Indian credit union which said it has been conducting free seminars on money management and budgeting for both members and non-members. "We have been discussing the idea of using the course as a...

CHULA VISTA, Calif. - Record low rates made 2003 a bountiful year for mortgages for credit unions and other lenders. For North Island CU, the year was not only good for the CU's mortgage portfolio, but NICU managed to do that while maintaining a majority of the mortgages it processed...

ALEXANDRIA, Va. - NCUA is hoping that several clarifications of its member business lending rules will encourage more credit union participation in the Small Business Administration's SBA 7(a) business lending program In a May 20 opinion letter to the SBA, NCUA addressed a number of critical areas. Regarding the 12-year...

WASHINGTON-Senator Daniel Akaka (D-Hawaii) is juggling two bills in the Senate right now that have a potential impact on credit unions. On May 19, the Senate passed H.R. 1528, the Tax Administration Good Government Act, after first stripping the House-passed language and inserting its own. The text of H.R. 1528...

WASHINGTON - The District of Columbia Credit Union League, through its community involvement committee, has helped make a child's hospital stay a little bit brighter. The league has recently raised $10,000 to transform two blank white walls in the operating room waiting area of Children's National Medical Center into colorful...

WARRENVILLE, Ill. - Mid-States Corporate FCU's first credit union member has signed up with business services CUSO, CU Business Group. Share Advantage CU of Duluth, Minnesota was the pioneering CU. CU Business Group was started by Northwest Corporate a few years ago, with First Corp and Empire Corporate later joining...

LAS VEGAS - Prime Alliance recently announced the winners of its second annual Mortgage Artists of the Year Award. The award is given to five Prime Alliance customers each year, and each award is based on asset size - less than $500 million, $500 million to $1 billion, and over...