Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
North Carolina program prevents 2000 foreclosures
RALEIGH, N.C. (10/12/09)--State Employees’ CU (SECU) is part of a State Home Foreclosure Prevention Project in North Carolina that has helped more than 2,000 homeowners avoid foreclosure. The project in which the $16.7 billion asset, Raleigh, N.C.-based credit union participates, has been in operation for 10 months (Citizen-Times.com Oct. 8). The project has helped prevent 2,040 foreclosures in North Carolina and also has provided foreclosure prevention and budgeting advice to more than 6,000 homeowners, the newspaper said. Avoiding foreclosures on these homes has prevented $175 million in declines in neighboring property values and financial system losses, according to the North Carolina Office of the Commissioner of Banks, the paper said. North Carolina foreclosure filings are up 10.6% this year due to the economic downturn and job losses, the paper said.
Other Resources

RSS





print
News Now LiveWire
A recent report from @TransUnion says consumers born 1981 or later made up 27% of total auto-loan originations in 2014, up 16% from 2009.
15 minutes ago
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
19 hours ago
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
1 day ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
1 day ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
1 day ago