Credit Union Times | Accurate and Timely CU News

CUNA and WOCCU Raise Concern About Remittance Provisions of Reg Bill

By Claude R. Marx

Provisions of a regulatory reform bill aimed at increasing disclosure requirements for financial institutions and other providers of wire transfer services violate the Uniform Commercial Code and could prevent credit unions from offering those services.

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Bernanke Says Interest Rates Will Remain Low

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Most TMG Client Credit Unions Eliminate Over Limit Fees

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March 24, 2010

Ohio CUs Push Ahead on Public Funds Bill

Ohio credit unions pressed their case with state lawmakers this week to pass an enabling bill on depositing public funds in CUs, an issue which continues to draw fierce opposition from the banking lobby.

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March 23, 2010

New Home Sales Decline

Credit unions may face a long haul in building back up their mortgage portfolios if new home sales continue to fall as they did last month.

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March 23, 2010

As Travel Cuts Continue, California/Nevada League Revamps an Old Favorite

The industry's clampdown on travel/conference spending in 2008-2009 is easing a little this year, but the job of filling the seats among the trade groups remains a challenge.

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March 23, 2010

Regulation E Forces Overdraft Changes, Says Moebs

A recent survey conducted by Moebs Services showed that 1,800 banks and credit unions have made changes to their overdraft strategy since Regulation E was made a requirement in November 2009 by the Federal Reserve.

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March 23, 2010

Missouri Credit Unions 'Blindsided' by Highway Agency Ordered Closings

To hear the lament of the Missouri Credit Union Association, it was a "bolt out of the blue" when the state highway agency last week notified 10 small credit unions that they must vacate their offices by Sept. 30.

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March 23, 2010

Corporate One Offers New Broker-Dealer

Corporate One Federal Credit Union has begun offering investment products and other securities-related services from Pleasant Ridge, Mich.-based broker-dealer Multi-Bank Securities Inc.

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March 23, 2010