Democratic Senator Richard Durbin, principal sponsor of the debit interchange amendment bearing his name, defended that amendment in a Jan. 18 letter to Illinois bank and CU trade associations.
Illinois credit unions are getting a $1.4 million payback from their regulator following settlement of a 2009 suit against former Gov. Rod Blagojevich in his ill-fated attempt to seize bank/CU examiner fees and move them into the state's general fund.
The Credit Union Executive Society, Madison, Wis., named Ertis Blake, president of Communications & Other Workers of Jamaica Co-Operative Credit Union Ltd., Jamaica, as the 2010 CUES director of the year.
Citing what it calls the explosive growth of prepaid debit cards, the Illinois Credit Union League announced Thursday it is rolling out for client CUs a new "family card" designed for teens as a money management tool.
Finalizing the merger of the tiny Champaign County Employees Credit Union, the CEO of its new parent, the $248 million University of Illinois Employees CU, said Thursday he sees no sign of changing trends impacting small CUs.
With 25 freshmen members readying for next year's state legislature, the Illinois Credit Union League is using the holiday lull to ramp up its "meet and greet" program with lawmakers.
Addison Avenue Federal Credit Union, Sacramento, Calif., helped raise more than $14,000 for the Muscular Dystrophy Association at the annual Jerry Lewis MDA Telethon.
Pulling out all the stops, the credit union trades were in damage control mode all last week to tamp down public worries about credit union safety and soundness and a "credit union bailout,"
NCUA's latest corporate seizure requires the industry to remain "calm and avoid knee jerk reaction" as it considers alternative moves to handle wholesale services, the chairman of the Illinois Credit Union League said today.
Georgia Federal Credit Union, Duluth, Ga., announced the winners for its 2010 John F. Donoghue Catholic scholarships, created in honor of the archbishop who petitioned to add credit union benefits to members of the Archdiocese of Atlanta.