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Even as CUNA and NAFCU have indicated they will opposed the current finance reform package, the Consumer Federation of America has hailed Congress for having brought the bill this far.

Will credit union ATMs soon offer credit union members shared branching transactions as well as ATM transactions?

The lawmaker who circulated the "dear colleague," letter on interchange, has received contributions from the political action committees of CUNA and NAFCU during this campaign cycle.

The SBA said nine banks are the first approved lenders for a new loan pool origination program that will assemble and sell pools of 504 program first mortgage loans to help jump start a secondary market.

The $2.8 billion Hudson Valley Federal Credit Union of Poughkeepsie, N.Y., expects to complete a merger of the ailing, $50 million Putnam FCU of Carmel by July 1, the credit unions have announced.

Although the funding process is nowhere near complete, it appears that fewer than 100 credit unions may wind up receiving any money from the U.S. Treasury's Troubled Asset Relief Program.