News

Let's face it; these are tough times to be a strategic leader at a credit union. It makes you wonder why you got into this business in the first place. But we all know it comes down to one word: Passion.

The Oregon Department of Consumer and Business Services issued an enforcement action against Autoland Inc., a credit union auto buying service, for operating without a license in the state for more than six years.

Restricting CUs to belonging to one corporate is "contrary to the principle that member-owner natural person credit unions determine the future of their corporates and the corporate system as a whole," NAFCU wrote in its comment letter to the NCUA.

SWBC and Member Business Lending LLC said that six new credit unions have signed on to offer their members the SBA's lending programs.

The number of Americans who have bank accounts is likely to drop in the coming months as financial institutions seek to make up the costs of additional regulation with greater fees.

Treasury Secretary Timothy Geithner said today that the six consecutive quarters of economic growth indicated that there is little chance the economy will experience a double dip recession.