Former credit union lobbyist Marvin Umholtz said the industry shouldn’t fear a new banker super PAC, saying the Friends of Traditional Banking PAC, will function “more like a scalpel than a battle axe.”
Despite the threat of a new banker Super PAC, CUNA says it has no plans to create a similar campaign fundraising mechanism for credit unions.
In an era of participatory politicking when Facebook, Twitter and other digital tools can turn any citizen into a lobbyist, have traditional trade associations entered their twilight years?
Government and industry leaders are publicly thanking Carla Decker for her willingness to be considered for a position on the NCUA Board.
Trade group says credit union locator site usually gets 3,000 hits a day but recorded 70,000 on Friday.
CUNA and NAFCU reaching out in what CUNA vice president calls "the biggest surge in media interest in credit unions in at least 10 years."
Letter from major credit union, banking trades seek 4- to 5-cent provision under the 21-cent cap effective Saturday.
To say the battle to increase the member business lending cap has been an arduous one for the credit union industry would be an understatement.
After consistently beating out large banks in customer online banking satisfaction, credit unions are lagging behind them for the first time.
Crippled by mounting commercial loan losses, the $1.6 billion Texans Credit Union was placed in conservatorship on April 15 by the NCUA.