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Felker: Credit Unions Still Asking Who Dropped the Corporate Ball
March 10, 2010
Charlie Felker, managing director of regulatory affairs at First Empire Securities, said credit unions haven’t stopped asking who’s to blame for the corporate crisis....
Melchionda: U.S. Central Hid Regulatory Waivers From Members
March 10, 2010
Eastern Corporate Federal Credit Union President/CEO Jane Melchionda has accused U.S. Central Federal Credit Union of withholding crucial information from its members in her Part 704 comment letter....
National Federation to Make $1 Million Available for CDCUs
March 10, 2010
The National Federation of Community Development Credit Unions will make an additional $1 million available to help community development credit unions attain enough capital to access other funds....
Embattled Former Lawmaker Massa Was MBL Bill Co-Sponsor
March 10, 2010
Former Congressman Eric Massa (D-N.Y.), who resigned this week in the wake of allegations about inappropriate behavior toward male aides, was a co-sponsor of the bill to raise the cap on member business loans to 25% of assets....
Illinois League Forms Merchant Provider Alliance
March 10, 2010
To further tap the small business market, the Illinois Credit Union League has partnered with card solution firm Primax to serve as a merchant and cash advance provider for more than 3,100 credit unions....
On-Site Coverage: Corker Says Strength of Regulator Is More Important Than Location
March 10, 2010
WASHINGTON — Sen. Bob Corker, a key Senate architect of the regulatory restructuring legislation, said today that it is more important that a new consumer regulator have sufficient authority than whether it is an independent agency....
EasCorp Adds Android App
March 10, 2010
Eastern Corporate Federal Credit Union has launched a downloadable app for remote deposit capture through smart phones on the Google Android platform....
Bank of America Will Stop Allowing Overdrafts by Debit Card
March 10, 2010
Bank of America customers who might have overdrawn their checking accounts when using their debit cards will now face having their debit card transactions declined rather than overdrawn....
Becker: NCUA Reviewing FDIC Corporate Debt Sale
March 09, 2010
NAFCU President/CEO Fred Becker told the Credit Union Times today he thinks the NCUA is “trying something similar” to the FDIC as it attempts to separate toxic assets from corporates seeking recapitalization....
Bynum Urges More Money for CDFIs
March 09, 2010
Community Development Financial Institutions need more money to meet the demands of the low-income communities that were disproportionately hurt during the recent economic downturn....
Texas CU’s Biz Services Bursting at the Seams
March 09, 2010
The $1.5 billion GECU in El Paso, Texas said it has seen such robust business services growth that it has moved that department to a bigger facility....
CU*Answers Holds ‘Biggest Loser’ Challenge
March 09, 2010
The race is on to find the ‘biggest loser’ at CU*Answers....
Former NASCUS Chairman Reynolds Retiring
March 09, 2010
George Reynolds, who was NASCUS’ chairman from 2007-2009, will retire from his post as senior deputy commissioner of the Georgia Department of Banking and Finance at the end of the April....
Standard & Poor’s Downgrades Fiserv
March 09, 2010
Standard & Poor’s Rating Services announced that it has lowered the corporate credit rating on Fiserv Inc. to BBB- from BBB....
Fiserv Launches ‘Thought Leadership’ Service
March 09, 2010
Fiserv Inc. said about 10% of its client base has signed up for what the company is calling its new “thought leadership community.”...

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