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U.S. members of credit unions have a more positive view of their personal finances than people who don’t belong to one, according to a survey by Discover Financial Services
Most credit unions, which are member owned and nonprofit, didn’t engage in the kinds of speculative financial practices that hurt many banks. Get the full story »
A $7 billion-asset Warrenville credit union that suffered massive losses in mortgage-backed securities was one of three critically undercapitalized institutions seized Friday by the U.S. government.
Members United Corporate Federal Credit Union was one of three “wholesale,” or “corporate,” credit unions put into conservatorship by the National Credit Union Administration. Get the full story »
