Browsing Tag

credit unions

All your bank are belong to us

It looks pretty clear that the U.S. regulators are going to clean house this year -- at least with small banks.  Hundreds of small banks and credit union will go into receivership in 2009.  However, big banks are getting a free ride. First…

Peer-to-Peer Lending

Apparently, a new market of peer-to-peer lending has popped up , where banks are no longer a part of the lending proposition. Loans are made directly peer-to-peer. Whether this is a reaction to tight credit or some weird new innovation due…

Credit Unions in trouble

I wish it were not so, but it is increasingly obvious that every part of the financial sector in the United States is infected by this menacing plague of credit losses and writedowns. Now it comes to light that the five biggest U.S. credit…

Credit Unions aren’t immune

Apparently the credit crisis is claiming victims in the financial sector everywhere including this New London, CT credit union and its investment manager. Obviously, credit unions aren't immune either.The 82-year-old broker who handled…
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