WASHINGTON-The House recently passed a bill to help small businesses, including credit unions, cope with the escalating costs of health insurance programs. The Small Business Health Fairness Act of 2003 (H.R. 660) was approved by the House in a near party line vote of 262-162, with mainly Republicans voting in...

WASHINGTON-CUNA's unrestricted net assets fell $2.3 million last year, according to the organization's annual report. This was the second year CUNA posted a major loss. CUNA also reported a slightly more than $1 million loss in 2001, after having netted more than $5 million in 2000 following the sale of...

BIRMINGHAM, Ala.-As part of the U.S. Department of Housing and Urban Development's "Homeownership Express," a national bus tour to promote homeownership during June, NCUA Chairman Dennis Dollar outlined credit unions' efforts to increase homeownership. During a stop in Birmingham on June 20, the chairman took the opportunity to explain credit...

WASHINGTON-High-ranking Financial Services Committee members recently wrote NCUA Chairman Dennis Dollar for his opinion on alternative forms of capital for credit unions and their inclusion in the definition of "net worth." "For the last couple of years, many in the credit union industry have been seeking legislative changes allowing federally...

WASHINGTON-Debate on the reauthorization of the Fair Credit Reporting Act has heated up as congressional hearings wind down and rumors fly about the administration's position on the law. The House Financial Institutions and Consumer Credit Subcommittee held its fifth hearing last week on FCRA, entitled "Fighting Identity Theft - The...

WASHINGTON-In response to critics questioning what credit unions are doing to serve the record number of underserved areas they are adopting, NCUA Chairman Dennis Dollar announced last week that the federal credit unions that have adopted underserved areas since the Access Across America initiative have grown 93% faster than the...

WASHINGTON-For the first time in the organization's history, NAFCU's Board has elected a female chair, and if her surname is any indication, the trade group's future endeavors should sizzle. Southwest Airlines FCU President Diane Furnas has been selected as NAFCU's new chair. She'll take over the role after NAFCU's annual...

ALEXANDRIA, Va.-NCUA Chairman Dennis Dollar was scheduled participate in a national bus tour traveling the country to promote homeownership throughout June. For his part, Dollar plans to speak at the `Homeownership Express' bus stop scheduled for Birmingham, Ala., Friday, June 20. The purpose of the tour is to promote President...