It was the year 1909 when Pierre Jay, the first banking commissioner of Massachusetts, was successful in getting the first credit union act passed in the commonwealth. Many other states followed suit, and then in 1934, the Federal Credit Union Act was enacted, establishing a federal charter and a choice...
Money from the U.S. Treasury Department’s Community Development Financial Institutions Fund’s latest round of funding will help credit unions offer members alternatives to high cost payday and auto loans, improved savings options, financial education and loans to bring fresh food into neighborhoods that currently do not have any, according to...
Twenty-four credit unions or credit union organizations received grant assistance from the U.S. Treasury Department’s Community Development Financial Institutions Fund in the latest round of funding.
Recognition from Treasury Department's Community Development Financial Institutions fund.
Given the volatile nature of the recent economic crisis, it was inevitable that pressure would build on regulators to respond to the crisis with additional regulations. Certainly some of these new regulations were promulgated in response to poor practices that exposed gaps in regulation. If credit unions are feeling overwhelmed...
Bonds must be received by the Treasury Retail Securities site at the Federal Reserve Bank of Minneapolis by 12:30 p.m. CT on April 10 to receive an EZ Clear redemption fee.
The Wisconsin Credit Union League continues to criticize the banking industry’s use of the Small Business Lending Fund for what it claims is misuse.
Critics say Small Business Lending Fund is being used to pay back TARP debt rather than lend to small businesses.
Dec. 31 marks end of an era; bonds still available online and paper redemption continues.
A recent disbursement of government funds to banks has the Wisconsin Credit Union League calling foul.