Executives from Southern California credit unions voiced their approval of a bill introduced Friday by Rep. Gary Miller that would establish a risk-based capital system.
When it comes to lower income and underserved consumers, the chief challenge facing some mainstream credit unions and banks may not be how to serve them competitively but whether to serve them at all.
The gap between politicians that support funding the U.S. Treasury's Community Development Financial Institutions Fund and those who don't may have become the widest ever last week
Credit unions in the U.S. have faced a similar dilemma when marketing to immigrant populations: How does an institution communicate with members who can neither understand English nor read or write their own native language?
Both CUNA and NAFCU sought to downplay a recent suggestion from the President's Economic Recovery Advisory Board that taxing credit unions might be one way to increase government revenue.