News

For the time being, credit union concerns in Virginia and elsewhere over companion bills in the state Senate and House enabling banks to buy and merge credit unions have eased following committee action leading to likely passage.

Credit unions aren't included in a proposed program to lend community banks money so they can lend money to small businesses and Independent Community Bankers of America President/CEO Camden Fine wants to be sure they are kept out.

Compliance solutions specialist Continuity Engine has hired Open Solutions Inc.'s former longtime marketing director.

In another sign that some indicators are revealing that the economy is turning around, housing starts increased 2.8% last month, according to a report issued today by the Commerce Department and the Department of Housing and Urban Development.

In a follow up to the "Move Your Money" campaign of New York pundit Arianna Huffington, New Mexico lawmakers may give credit unions and community banks a big boost when it comes to the deposit of public funds.

The $914 million University of Iowa Community Credit Union, the state's second largest, is making its mark this month in further field of membership expansion by merging with the $46 million Best of Iowa Community CU of Hiawatha.