By Christian Mullins
Executive Summary:
The first rebate checks were disbursed yesterday, four days ahead of schedule. About 800,000 checks were deposited electronically into bank and credit union accounts. The Internal Revenue Service plans to deposit about 800,000 per day until Friday, when that number will reach 5,000,000.
Announced last October, the merger of Midwest United CU ($164m in assets) into CommunityAmerica CU has been completed. The Kansas City, Missouri based CU now boasts over 160,000 members and $1.7 billion in assets.
An interview with JoAnn Johnson, Chair of National Credit Union Administration (NCUA) offers her thoughts on the reasons why credit unions have, in general, fared better than other financial institutions in the mortgage market and where the CU foreclosures are trending.
Robbed:
- Nothing to report today.
Arrested, Arraigned, Charged, or Sentenced:
- Nothing to report today.
Posted by Christian Mullins 