Credit Union

Feds Outline Plan to Help Credit Unions 

A version of the ever-widening net for a federal bailout was extended Tuesday afternoon to the nation’s credit unions, who have been lobbying for government help alongside their more traditional banking brethren. A plan detailed yesterday by the National Credit Union Administration, the independent federal agency that charters and supervises federal credit unions, shows that the government will pump billions into credit unions just as some are forced deal with a rash of bad mortgages, and still others look to access low-interest loans for funding their operations.