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Credit unions can be an integral part of the Obama administration's plans to "do everything (it) can" to aid small businesses if the current cap on member business lending is lifted, CUNA President/CEO Bill Cheney wrote late last week.
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CUNA has announced the development of a new website, entitled "Exam and Supervisory Issues," to respond to the supervisory concerns of credit unions nationwide.
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Proponents of increased credit union member business lending, including several state credit union leagues, took their messages to the media in recent weeks.
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The National Credit Union Administration filed suit in a U.S. District Court in Ohio Thursday, seeking an injunction to stop arbitration of a participation loan agreement that involved a credit union it placed into liquidation in May.
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Friday's jobs report brought cautious optimism from CUNA Chief Economist Bill Hampel, who analyzed the numbers for a report by the Associated Press. The New York Times was among those that picked up the report.
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Card payment processor Heartland Payment Systems has agreed to pay Discover Financial Services $5 million as a settlement in its massive data breach case, which forced credit unions and other financial institutions across the country to reissue credit and debit cards.
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Alliant CU in Chicago announced Thursday that it reached an agreement with Continental FCU of Tempe, Ariz., to merge operations following recent approvals from each institution's board of directors.
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The Association of Vermont Credit Unions is creating a Compliance Council open to any employee or volunteer of an AVCU member credit union. The council will serve as an exchange forum among credit unions on state and federal compliance topics.
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Forty-two credit union professionals were guided by eight program facilitators and mentors through a week-long Credit Union Development Education training session on Bainbridge Island, Wash.
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Aloha Pacific FCU, Honolulu, is opening a branch in Las Vegas, according to local media reports.
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More than 270 credit unions use PSCU Financial Services' Total Member Care Contact Centers. Fifty-four of those credit unions deploy the contact centers to obtain member opt-ins as required by Regulation E, which deals with overdraft services.
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Covera Card Solutions, a subsidiary of the Credit Union Association of New York, is offering a marketing materials online ordering site. With the new tool, client credit unions can receive immediate pricing, order customized materials, view proofs and download or print pieces for ATM, credit, debit and FlexDebit campaigns.
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Freedom of information Act regulation revisions that would improve access to records and "provide clearer guidance to requesters on how to obtain records under the FOIA" are being considered, the FFIEC announced late last week.
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