From today's Wall Street journal
Mortgage-Market Trouble
Reaches Big Credit Unions
"Five of the nation's largest credit unions are reporting big paper losses on mortgage-related securities, a sign that housing-market distress is spreading even to the most risk-averse financial sectors."
...
"So far this year, nine regular credit unions have failed, including at least two due to mortgage-related problems. Seven failed in 2007."
http://www.wsj.com/article/SB1218423...od=psp_mostpop
Mortgage-Market Trouble
Reaches Big Credit Unions
"Five of the nation's largest credit unions are reporting big paper losses on mortgage-related securities, a sign that housing-market distress is spreading even to the most risk-averse financial sectors."
...
"So far this year, nine regular credit unions have failed, including at least two due to mortgage-related problems. Seven failed in 2007."
http://www.wsj.com/article/SB1218423...od=psp_mostpop