Credit unions and other opponents of the Federal Reserve’s proposed rule capping debit interchange fees received good news last week when bills to delay the rule’s implementation were introduced in the Senate and House.
Sen. Jon Tester (D-Mont.) said that the bill he introduced today to delay the implementation of the Fed’s interchange rule is “going to help small banks, credit unions and consumers.”
Montana First Credit Union President/CEO Chris Sisco is in television, radio and print ads telling the credit union and bank side of the interchange argument.
For the first time, the $155 million Valley Federal Credit Union of Billings, Mont., is reaching across the Wyoming border to expand, completing its first merger of the ailing $8 million Cody Schools FCU.
Banks in New Jersey, followed by Michigan, Pennsylvania, Virginia and Oregon appear to be dropping deposit rates the fastest.
The Credit Union Association of Oregon and the Washington Credit Union League announced plans Thursday to merge, effective next January.
Home prices fell 2.1% from the fourth quarter of last year to the first quarter of 2010, and average mortgage rates are at their lowest of the year, according to data released by Freddie Mac.
Workers' Credit Union, Fitchburg, Mass., elected Eric D. Shapiro, Patrick L. Muldoon, Raymond J. Martino and Melissa Maranda as new members to its board of directors.
Private student loan program provider Fynanz received support from 28 state credit union leagues in conjunction with its partnership with CUNA Strategic Services.
Even as the head teller at a Montana credit union, Kathy Keenan-Swanson knows full well her "family business" has long been politics-which is why she never hesitated about running for a seat in the Montana House this fall.