Calling its move discouraging but necessary, the $1.4 billion University of Iowa Community Credit Union has undergone a pullback from its campus operations by closing two branches, ATMs and student ID services in a give-up to a local bank.
Closure follows loss of contract with University of Iowa.
The credit union campaign to win state-by-state approval for savings promotion raffles picked up steam last week.
Banker attacks will not stop more states from adopting credit union savings raffles, according to a Boston-area savings advocacy group.
A "Save to Win" savings raffle program appears headed for the governor's signature in Washington state.
An Iowa legislator and credit union board member was dumbfounded by an eleventh-hour phone call from a banker on an upcoming vote.
The Iowa House has listened to bankers and killed a 'Save to Win' CU lottery bill. Not so in Nebraska.
The Iowa Credit Union League and its counterpart the Iowa Bankers Association are running a joint op-ed this weekend in the Des Moines Register touting the consumer fallout should Congress enact the reg reform provision.