The strength of the rise of existing housing sales accompanied by continued price drops announced Friday is “somewhat surprising, but it’s only one good number and we’re not out of the woods yet,” CUNA Senior Economist Mike Schenk told Bloomberg Radio Friday.

The U.S. housing crisis may get worse before it improves, a Credit Union National Association economist told CNN Money Friday.

The Federal Housing Administration’s new Hope for Homeowners (H4H) Program lets lenders refinance certain delinquent mortgages to help borrowers hang onto their homes. But what lenders are eligible to participate? Are credit unions among them?

CUNA, Pennsylvania Credit Union Association and credit unions from around the country continue efforts to boost credit union champion Paul Kanjorski’s (D-Pa.) reelection bid.

The World Council of Credit Unions is aiming to boost volunteer giving through a more aggressive WOCCU Directors’ Action Fund to solicit financial support from credit union volunteers so development programs stay alive.

The National Federation of Community Development Credit Unions has launched several initiatives to help community development credit unions in the wake of the subprime mortgage crisis.

Alabama State Rep. Jay Love, a candidate for the second congressional district, praised credit unions’ fiscal responsibility during a visit Thursday to a credit union in Alabama with former Massachusetts Gov. and presidential candidate Mitt Romney.