The $171 million Pelican State Credit Union of Baton Rouge said it expects a July 1 merger of the $1.9 million Lake Charles Telco CU in a move that will provide the Baton Rouge CU greater entry into the Lake Charles market.

CUNA is pulling out all the stops to block interchange language from being included in the final financial regulatory bill now slated to go before House-Senate conferees.

The industry's assault on the Durbin interchange amendment is taking advantage of social media vehicles as well as newfound collaboration with banker groups in trying to secure lawmaker support in the House-Senate conference committee.

A bill to allow New Jersey credit unions for the first time to become eligible public depositories for public funds successfully passed the Senate Commerce Committee Thursday on a 3-1 vote with one abstention.

The $1.4 billion Summit Credit Union of Madison, Wis. said today it has received member and regulatory approval to merge the $68 million State Central CU of Milwaukee effective June 30.

After being in a court-ordered field of membership limbo lasting six years, one Louisville, Ky. CU said it stands ready now to finally sign up new members and expand services in one of its suburban branches.

The head of Georgia Credit Union Affiliates weighed in on the growing national concern over examiner shortages citing frustrations over mandated cutbacks and funding inequities.

Crippling budget cuts have left Arizona with just two credit union examiners to handle 22 state-chartered CUs.