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Credit Union in Texas buys Colo.'s Norbel The National Credit Union Administration announced Thursday that Security Service Federal Credit Union of San Antonio has purchased the failed Norbel Credit Union of Fort Collins. www.denverpost.com
Bank Credit-Default Swaps Headed for Biggest Monthly Drop Since April `08 An index of credit-default swaps insuring against losses on European bank bonds is heading for the biggest monthly drop since April 2008. www.bloomberg.com
Credit Unions Planning Amalgamation Eastern Edge Credit Union and Horizon Credit Union are negotiating to amalgamate the two credit unions. The merger must be approved by members from both operations and that decision is expected in late October. www.vocm.com
Credit Unions Can Do More Small Business Lending, Cheney Says Congress should raise the lending limits for credit unions because it would help small businesses and create jobs, said Bill Cheney, president and chief executive officer of the Credit Union National Association. www.businessweek.com
Fitch: Credit-Card Charge-Offs Fall For 1st Time In 3 1/2 Years Fitch: Credit-Card Charge-Offs Fall For 1st Time In 3 1/2 Years feeds.foxbusiness.com
Credit demand expected to surge CREDIT demand for corporate activity on a Europe-wide basis is expected to surge over the current quarter, following inactivity in bank lending. www.irishexaminer.com
Credit card reform is working but challenges remain Credit card reform was intended to create a fairer and more transparent marketplace. www.ky3.com
Crédit Agricole Corporate & Investment Bank Expands Credit and Debt Markets Team with Five Seasoned Professionals NEW YORK----Crédit Agricole Corporate and Investment Bank today announced the addition of five new highly experienced sales, trading, research, and DCM origination professionals to its expanding debt and credit markets platform. biz.yahoo.com
Credit scores slide downward Credit scores for a quarter of American consumers are now too low to qualify for a mortgage or credit card. www.csmonitor.com
Credit union review welcomed by sector Credit unions have welcomed plans for an independent review of the sector. www.rte.ie
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