News

Rep. Kendrick Meek (D-Fla.), who received $5,000 from both CUNA's and NAFCU's PACs in his fight for an open Senate seat, was projected to finish third by the Associated Press.

Political newcomer Rand Paul, a favorite of credit unions and the tea party movement, has won the U.S. Senate seat in Kentucky, according to Associated Press projections.

The National Federation of Community Development Credit Unions has defended a Treasury program from charges that politics played a role in how it distributed money to CDCUs.

Rep. Paul Kanjorski, who has been one of the strongest supporters of credit unions in Congress, was defeated after a 26-year career by Hazleton Mayor Lou Barletta.

The bitter and nasty race for Harry Reid's U.S. Senate seat in Nevada has been a credit union negative on one level: It knocked out all those product ads and positive messaging.

The $1.6 billion Texans Credit Union said it plans to fight against a suit that claims the cooperative's commercial real estate CUSO did not follow through on providing loans for a failed Mississippi project.