News

More than 100 executives from credit unions, CUSOs, regulators and advisory firms dialed into a March 4 conference call to find out what credit unions will have to do to obtain money under the U.S. Treasury's Community Development Capital Initiative.

WASHINGTON -- As credit unions and other financial service providers awaited a draft of the Senate regulatory restructuring, a key negotiator of the bill said when it comes to a new consumer agency, location is less important than teeth.

The Senate Banking Committee is scheduled to begin consideration of Chairman Christopher Dodd's proposal for overhauling financial regulation at 4:00 p.m. next Monday, the committee announced today.

For its brokered certificate of deposit program and member service standards, Kern Schools Federal Credit Union recently received honors from the Bank Insurance and Securities Association.

The Credit Union Association of New York and CUSO CU Student Choice announced that they have entered into a strategic partnership.

Retailers expressed disappointment this morning that the Senate version of financial reform legislation formally unveiled yesterday does not address the issue of credit and debit card interchange.