President Obama Tuesday unveiled his budget blueprint for FY 2015, which included proposed funding levels for certain credit union programs--along with about $3.9 trillion in other spending priorities. More
The Senate Banking Committee has rescheduled its hearing on National Credit Union Administration nominee Mark McWatters, and others, for March 13. More
The Homeowner Flood Insurance Affordability Act (H.R. 3370) passed the House last night by a 306-91 vote. More
The National Credit Union Administration has released a pair of letters to inform credit unions that are interested in using derivatives to reduce interest rate risk. More
Credit scores carry a lot of weight with lenders when they're considering the credit risk of potential borrowers. A shaky FICO score can negatively impact loan fees, in turn making borrowing burdensome for consumers. With this in mind, credit unions are offering myriad ways to help their members build up or rectify those all-important scores, a recent article in Bankrate.com noted. More
The Financial Accounting Standards Board is seeking comment on a proposed chapter of FASB's conceptual framework that is intended to improve its evaluation of existing and future disclosure requirements in notes to financial statements. More
In the National Credit Union Administration's newest "Economic Update" video the agency's chief economist, John Worth, reviews recent economic developments and what they may mean for credit unions. More
Two credit unions are in the final stages of acquiring bank operations. Both are increasing the range of financial services available to area residents. More
A consumer survey recently conducted by the Texas-based Cornerstone Credit Union League revealed that a meager 4% of car-buyers among those polled had saved up and paid for their new wheels in cash. More
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