Third-quarter figures for federally insured credit unions last week were welcome news and the result of a lot of hard work by credit union professionals around the country. Certainly not a gift, though we all appreciate those (iPad2, please), but something to savor because you’ve earned it.
Credit unions and consumers deserve the gift that keeps on giving – burgeoning membership and expanded services, including small business lending.
Last week, credit unions’ federal tax exemption appeared to be in jeopardy. H.R. 6474 would have gradually repealed credit unions’ tax-exempt status over five years. Fortunately for credit unions, a spokesman for Rep. Dennis Ross, the bill’s sponsor, explained that the inclusion of this in the bill was accidental,...
While credit unions seem to have dodged this lob for now, it did draw attention to the credit union tax exemption, which the banking lobby is sure to relish.
We can all breathe a sigh of relief that the elections are finally over. The campaign sniping on the television and the intrusive robo-calling is done. Now, we have to get down to what it all means for credit unions.
PALM BEACH, Fla. — When Fred Johnson, CEO of CUES for the last 23 years, says he’s going to retire at year-end he means it. And he’s going to enjoy the life of a kept man.
From the looks of it, Chuck Fagan plans for CUES to learn as much from credit union professionals as they will learn from the organization. He will officially take over the helm at CUES in January.
The elections are finally over. So what does it mean to credit unions?
Not voting is a vote. Not speaking up is condoning the status quo. Doing nothing is the same as doing something. The absence of light causes darkness. We all know these basic tenets yet practical application can be tricky because reality is grayer than simple clichés make it out to...
Commodore Perry FCU alleged that an NCUA examiner made inappropriate comments to its employees, and once they complained their exam score was lowered.