News

NASCUS Chairman Tom Candon has named Board Member Mary Hughes to fill the two-year board term vacated when former NASCUS Chairman George Reynolds retired.

Three amendments on the interchange issue would "impose heavy new restrictions on interchange fees," NAFCU Executive Vice President B. Dan Berger wrote Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell today.

At least six branches of Tennessee credit unions remained closed Tuesday, as floodwaters from the Cumberland River created havoc to businesses in the downtown area and forced evacuations in outlying communities.

Small businesses looking to link up with credit unions for financing can now do so at the Credit Union Small Business Financing Alliance's website at www.cusbfa.com.

Bent on enhancing broad, industry awareness online and in social media, a group of state leagues announced today development of a specialized credit union-based "consumer website" to launch perhaps by year-end.

The $3.7 billion Corporate One Federal Credit Union is placing full reliance for repayment on monoline insurer Ambac Assurance Corp, bucking the trend of other corporates who have recorded OTTIs on affected securities.