Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Rejected for home loans Try CU says Conn. league
SEATTLE (3/13/09)--About half of all mortgage applicants are being turned down, according to the Mortgage Bankers Association, and acceptance rates on refinancings have dropped 10 percentage points. But consumers who are members of credit unions should check with their credit union, the Credit Union League of Connecticut said. In an article in The Seattle Times (March 8), Marilyn Kennedy Malia of Bankrate.com wrote about the dilemma. Tony Emerson, president of the Credit Union League of Connecticut, noted that members can look for loans at their credit unions. Credit unions may be more forgiving, and some credit unions judge loan eligibility based on the unique relationship they have with their members, he said. He noted many offer memberships to employees of companies and would know more about a member's job stability, he said. For the entire article, use the link.
Other Resources

RSS print
News Now LiveWire
NCUA re-schedules start of tomorrow's closed meeting to 9 a.m. ET. Open meeting still at 10 a.m. ET.
14 hours ago
.@lisamurkowski @SenatorEnzi @SenJohnBarrasso are latest to weigh in on NCUA risk-based capital proposal. See #NewsNow tomorrow for more
14 hours ago
Now up on News Now: Fed stays course on taper, interest rates http://t.co/6DntsW58vA
16 hours ago
Positive performance indicators and the potential for rising interest rates in @TheNCUA 's latest economic update. http://t.co/yptPbIGvnU
19 hours ago
The @CFPB has launched a nationwide effort to provide financial education. http://t.co/sF3FXHpv3k
19 hours ago