Despite income and compliance hardships, faith-based credit unions in Illinois are embarking on a turnaround, according to the leader of an Illinois Credit Union League campaign to uplift their standing.
Chicago area credit unions recently welcomed a group of about a dozen individuals from OSCUS in Ecuador as part of the World Council of Credit Unions’ international customized training program.
Agency ruling says state association directors can't chair corporates.
The weather may have been frightful but credit unions across a wide swath of the mid-continent from Chicago to Wichita, all buried under this week's monster blizzard of snow and ice, were getting back to normal in quick fashion Thursday.
In a bid to capture more of the prepaid debit card market, the Illinois Credit Union League is rolling out a new "family card" designed for teens as a money management tool.
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.