News

Excluding a provision to raise the member business loan cap would cost jobs and therefore CUNA will oppose the small business lending bill without such an amendment, CUNA President/CEO Bill Cheney wrote Senate leaders today

The Temporary Corporate Credit Union Stabilization Fund's financial statements "present fairly, in all material respects,'' the fund's financial statement, according to an audit released late yesterday by the NCUA.

NAFCU President/CEO Fred Becker was cited for leading his organizations advocacy and public relations efforts when CEO Update named him one of the top Washington, D.C. association CEOs.

Dynamic Card Solutions, the leading provider of systems that allow banks and credit unions to issue credit and debit cards on-site, announced it is close to receiving a patent on its process.

A credit union which applied for a federal mutual bank charter and then withdrew its application saw its net worth ratio fall to 1.21% in June.

The NCUA today confirmed reports that seized $808 million Arrowhead Central Credit Union laid off 27 employees Friday.