Credit Union Management

LAS VEGAS -- In Australia, credit unions are taxed, volunteers are paid, and the loss of interchange income three years ago is still a sore subject.

LAS VEGAS -- If Colorado Senator Mark Udall's amendment to raise the regulatory credit union business lending cap to 27.5% is successful, it will create 108,000 new jobs in the first year.

CUNA Chair Harriet May, WOCCU Chair Barry Jolette and an Elvis impersonator welcomed attendees from 68 countries last night to The One World Credit Union Conference, a joint event produced by CUNA and WOCCU.

Positioning itself for future growth, CUNA Mutual said it has entered into an agreement with institutional investors to issue $85 million in fixed-rate, 20- year surplus notes.

Compared to older investors, Generation Xers highly value access to online functions when it comes to their investments but it's not the most pressing priority.

The serious problems at Arrowhead Credit Union may have been on regulators' radar for months, but the NCUA's June 25 takeover of the $876 million California CU surprised some in the CU community, including the

Rates and balances for money market accounts and certificates of deposit continue to seesaw indicating that consumers may be reluctant to lock their money amid economic uncertainty.

Credit unions may continue to receive direct deposit of payroll checks from their baby boomer members for some time after those members would traditionally be expected to retire.