For the first time ever, members whose credit unions are seeking to convert to bank charters have been given the chance to hear from the credit union leadership that backs the conversion and other CU members who oppose it.

The $916 million Community First Credit Union has decided to take on the Internal Revenue Service in court over whether it should be required to pay unrelated business income tax on some of its products.

An interesting conversation about how credit unions can or can not help members resolve ongoing mortgage problems seems to put CUs on the side of more regulatory guidance and NCUA in favor of greater regulatory flexibility.

Over the course of the last year, three of the largest credit unions in the country have joined the National Cooperative Business Association as individual credit unions, a move which they have characterized as a step toward emphasizing their organizations' identity as financial cooperatives.

SAN FRANCISCO -- Visa USA has reported substantial progress in getting merchants, which conduct the largest percentage of card transactions, to comply with industry card data security standards.

FEDERAL WAY, Wash. -- Washington State credit unions have begun pressing the state legislature to pass a bill which would enable credit unions to obtain recompense for damages they may suffer from card security data breaches at retailers.

BOSTON - One third of credit unions surveyed for a new report from the Aite Group, a noted financial research firm, said they are planning on converting their institutions to mutual bank charters.

MILWAUKEE -- The Wisconsin Bankers Association has taken a swipe at the $916 billion Community First credit union for its decision to file a lawsuit against the IRS over its unrelated business income taxes (UBIT).