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Credit Unions

SBA's Stimulus Lending is Tainted by Political Meddling

Jerry Chautin | Posted 08.21.2009 | Business

Read More: Cash Flow, Wachovia-Bank, Small Business Owners, Small Business, Borrowing Money, Venture Capitalists, Sba, Tweets, Credit Unions, Business News
Jerry Chautin

The credit markets are improving and the banks can sell the guaranteed portion of their SBA loans at premiums closer to what they got before the financial meltdown.

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US May Rebuild Credit Unions After Seizing Two Corporate Lenders

Bloomberg | Posted 04.21.2009 | Business

Read More: Us Regulators Credit Unions, Housing Market, Rebuilding Credit Unions, Treasury Department, Financial Crisis, Credit Unions, Business News

U.S. regulators may rebuild the network that helps fund retail credit unions after seizing two corporate lenders with $57 billion in assets to halt an...

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WesCorp, U.S. Central: Regulators Seize Control Of Two Credit Unions

AP | MARCY GORDON | Posted 04.20.2009 | Business

Read More: US Central, US Central Seized, Wescorp Seized, Credit Union, Credit Unions, Wescorp, Wescorp Credit Union, Us Central Credit Union, Wescorp Conservatorship, Us Central Conservatorship, Business News

WASHINGTON — Federal regulators on Friday seized control of two large institutions that provide wholesale financing for U.S. credit unions, a mo...

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Bank? Who Needs a Bank? Well, Who Needs A Credit Union?

Remar Sutton | Posted 04.17.2009 | Business

Read More: Financial Crisis, Banking Crisis, Aol Walletpop, Andy Sernovitz, Credit Unions, Business News
Remar Sutton

The question isn't "Why aren't credit unions taking advantage of the moral mess banks are drowning in?" The question is, "Why aren't you joining a credit union right now?"

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Where Are the Credit Unions?

Andy Sernovitz | Posted 04.10.2009 | Business

Read More: Banking, Marketing, Banking Crisis, Banks, Credit Crisis, Credit, Credit Crunch, Credit Unions, Business News
Andy Sernovitz

If credit unions were doing a decent job of marketing, they could grab a massive percentage of the market from banks. But I haven't been asked to switch. I haven't seen an ad.

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Transform Banks into Credit Unions

Mike Garibaldi-Frick | Posted 02.27.2009 | Business

Read More: Wall Street, FInancial Markets, Bank of America, Bailouts, Banking, Banks, Financial Crisis, Ponzi Scheme, Credit Unions, Economy, Business News
Mike Garibaldi-Frick

Banks have been ripping-off the middle class for years. In addition to user fees, the middle class pays banks large spreads on mortgages, credit cards and other types of debt.

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Car sales, 2008; even worse than we thought

Steve Parker | Posted 02.06.2009 | Business

Read More: World Rally, Pony Cars, Porsche, Automotive News, Chrysler, Ford Mustang, Hemi Engines, The Wizard of Oz, Isuzu, Obama Administration, Mercedes-Benz, Cars, New York Federal Reserve, Fuji Heavy Industries, Ford, Volkswagen, Maybach, Motor Trend, Nissan, Dodge Challenger, Cadillac Srx, Chevrolet Equinox, Scotland, Mercury Milan Hybrid, Timothy Geithner, Huffington Post, Buick Lacrosse, GMAC Bailout, Pickups, TV Pitchman Vince, FICO Score, 2010 Chevrolet Camaro, Toyota, Gm, Minivan, Ford F-150, Detroit Three, Associated Press, Chicago Cubs, American Honda, Gmc, Smart Car, Wall Street, Colin Mcrae, Detroit Three Loans, Cadillac Cts Wagon, Subaru, Bmw, Car Czar, Daimler, Mitsubishi, Treasury Secretary, SUV Sales, Credit Unions, Ford Fusion Hybrid, Business News
Steve Parker

Monday brought three conference calls, each about an hour, with executives from each of the Detroit Three announcing, dissecting and, most of all, spi...

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Credit Unions Lose Money On Paper: "Nobody Is Insulated From This"

Wall Street Journal | Mark Maremont | Posted 09.11.2008 | Business

Read More: Constitution Corporate Federal Credit Union, Southwest Corporate Federal Credit Union, Economy, Members United Corporate Federal Credit Union, U.S. Central Federal Credit Union, Western Corporate Federal Credit Union, Credit Union Stability, Credit Union Run, Lending Crisis, Credit Unions, Business News

Credit unions are not-for-profit, member-owned cooperatives that take deposits and lend money like banks. The mortgage problems are focused on so-call...

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