News

The 13-member Georgia congressional delegation has written House Financial Services Committee Chairman Barney Frank (D-Mass.) and Ranking Member Spencer Bachus (R-Ala.) urging a hearing on the Credit Union Regulatory Improvements Act (H.R. 1537).

By no means was Golden Bay Federal Credit Union seeking to merge due to financial woes.

From British comedy to best-selling authors, NAFCU's 41st Annual Conference next year will feature a variety of entertainment in addition to educational opportunities.

With the rollout of its new Small Business Administration 504 Secondary Market Program, Member Business Lending, LLC and WesCorp said it is providing a way for credit unions with ways to reduce regulatory caps, improve return on asset, reduce risk and expand business lending options.

In a move which some credit union supporters expected but hoped would not happen, California Governor Arnold Schwarzenegger has vetoed a landmark piece of legislation that would have given credit unions recourse in the courts when damaged by a merchant's card security breach.

After incorporating financial education programs into sales and service programs, several credit union executives recently shared how the transition has helped their financial institutions achieve strong "bottom-line benefits."

Loan growth just barely exceeded savings growth between August and July, according to CUNA's Monthly Credit Union Estimates.

Stepping up an attack on high bank fees, Bellco Credit Union announced last week it has halted all noncustomer ATM charges.