ICBA says Telesis Community lending practices shows why Senate member business lending bill "threatens the entire credit union sector."
If a House bill backed by the American Bankers Association in a new package of legislation designed to help small businesses create more jobs gives credit unions expanded lending authority, the banking trade group has vowed to pull back its support.
Mississippi begins push this week, while Indiana and Kentucky plan launch of "iBelong" campaign licensed from PCUA.
The 144,000-member, $1.6 billion Apple Federal Credit Union, Fairfax, Va., has become the first large credit union to leave CUNA this year. Three other large CUs, two from New Mexico and one from Texas, left the trade group last year.
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.
Apple Federal Credit Union has become the first large credit union to leave CUNA this year.
Dupaco Community Credit Union has formally promoted Joseph F. Hearn to president/CEO.
At the urging of South Carolina credit unions, CUNA has taken over the drive to formally own the “Every Day Is Bank Transfer Day” slogan.
Independent Community Bankers of America also vow to fight raising of member business lending cap.
CUNA is puffed up this month about a noteworthy achievement. Its online education series is now 10 years old and has reached what the trade group considers a noteworthy 104,000 self-study courses taught to CU staffers and directors across the U.S.