As credit unions hunker down in defense of their federal tax exemption, the industry does have one thing in its favor. There are no known enemies among leadership on the House Ways and Means or Senate Finance Committees.
These powerful leaders oversee financial institutions and the NCUA, originate tax reform and wield considerable influence.
LEVERAGE has joined with Strategic Partners and CU Solutions Group to acquire Credit Union Vendor Management in Morrison, Colo.
The industry push to promote improved savings behavior among consumers while also drawing new business was ratcheted up with a pilot initiative involving 20 credit unions and sponsored by Filene Research Institute and SaveUp, a fledgling San Francisco firm.
Go big or go home. Those five words outline exactly what is happening with the proposed merger of $1.8 billion Warrenville, Ill.-based Alloya with $1.5 billion Southfield. Mich.-based CenCorp. It’s a marriage of corporate credit unions that, if approved by CenCorp members and regulators, will produce an entity with assets...
Proposed corporate merger would produce one of the nation's largest remaining corporate credit unions. Find out more in this preview from next week's print edition.
Credit unions in Michigan continue fill in the gaps left by other financial institutions that have scaled back their lending to small businesses.
We never forget defining moments in history and where we were when they were defined. That certainly is true of the financial crisis that rocked our country’s financial system, businesses and our overall economy in 2008. Like other industries, credit unions strongly felt the impact of the lack of demand...
The 2010 holiday season was not the normal slowdown period in the news business.
Randy Karnes, CEO of CU*Answers, is calling for CUs to sign a petition to "clearly state our absolute dissatisfaction and vote of No Confidence with the current policies and practices of the current governing administration, the NCUA Board of Directors."