News

Two of southern Washington's largest credit unions, the $279 million Yakima Valley and the $184 million Catholic, both competitors in the same community, are planning a June merger.

Sen. Joseph Lieberman (I-Conn.), who has worked to help credit unions achieve several of their legislative goals, announced today that he won't run for a fifth term next year.

Democratic Senator Richard Durbin, principal sponsor of the debit interchange amendment bearing his name, defended that amendment in a Jan. 18 letter to Illinois bank and CU trade associations.

The Financial Crimes Enforcement Network is now reaching out to credit unions. That's one of the messages in FinCEN's just-released 2010 annual report.

GrooveCar has launched a $500 Internet coupon incentive program intended to help facilitate the buying of new and pre-owned vehicles by credit union members in the metro New York region.

The notion of combining regulatory agencies covering credit unions, banks and insurance firms may be a pet project of New York's new governor, Andrew Cuomo, but so far it has won only preliminary CU approval.