Following CUNA's lead, the Michigan Credit Union League is reviving a new online advocacy tool, "Operation Grassroots," to bolster comment letters on legislative and regulatory issues.

Violators of NCUA's new rule on financial literacy for directors will not be forced to step down or undergo a test, according to CUNA's summary of an audio conference conducted to guide CUs on the basic expectations in the rules.

Managers at the $716 million Fort Worth Credit Union learned a thing or two over the Christmas holidays about tweaking a loan product that had a long shelf life. The result: a whopping 400% increase in loan volume in two years.

The newly-formed Northwest Credit Union Association has named William Anderson, president/CEO of Mid Oregon FCU of Bend, as its new chairman and Debie Keesee, president/CEO of Spokane Media FCU, as vice chair.

Notwithstanding the exit by big banks, Arizona's largest credit union, the $2.8 billion Desert Schools Federal of Phoenix, remains in the industry mainstream where it comes to free checking services with 62% of its members in the mix.

Regulation E compliance on credit union ATM fee disclosure has apparently spawned a flurry of class action suits against CUs, CUNA Mutual Group reported Thursday.

Credit union concern over NCUA's financial literacy rules for directors continued to peak Wednesday with CUNA now counting what it called a "huge" signup--1,800 participants--for an audio conference Thursday on the topic.

Illinois credit unions are getting a $1.4 million payback from their regulator following settlement of a 2009 suit against former Gov. Rod Blagojevich in his ill-fated attempt to seize bank/CU examiner fees and move them into the state's general fund.