Credit unions have benefited lower income and families especially, according to the Wisconsin Credit Union League.
Members of credit unions that participate in the National Credit Union Foundation's Real Solutions program save $200 million per year nationwide, according to the Wisconsin Credit Union League.
A report from an economic advisory panel to the Obama Administration broke into the usual late summer political doldrums last week and returned credit unions to the perennial tax debate again.
The Wisconsin Credit Union League is once again calling out bankers, this time on their claims that credit unions are not doing enough to serve the underserved.
The report from President Obama's Economic Recovery Advisory Board that mentioned taxing credit unions has sparked a flare up in the ongoing fight between banks and credit unions in Wisconsin.
The Wisconsin Bankers Association's claim that credit unions are not doing enough to serve the underserved is a "shameful" attempt to deflect from business lending efforts, the Wisconsin Credit Union League said.
Three quarters of Wisconsin voters polled by the Wisconsin Credit Union League said they backed a move to lift the CU member business cap, the League announced.
The banking industry's push to stonewall attempts to attach an amendment to a bill that would raise the member business lending cap continues to draw the ire of the Wisconsin Credit Union League.
The Wisconsin Credit Union League has stepped up its criticism of banks that have stonewalled attempts to attach an amendment to a bill that would raise the member business lending cap.
In a consent order, the NCUA last week barred Richard Koenig, the former chairman of Central States Mortgage Corp., a bankrupt Milwaukee CUSO and ex-CEO of the $144 million Prime Financial CU of Cudahy, Wis., from further industry activities.