News

Several credit unions that pledged to finance more green projects will be on site for the Dec. 15 groundbreaking of an environment-friendly student housing complex at the University of Maryland.

CUNA Strategic Services has teamed up with the ICUL Service Corp to help the CUSOs credit union clients better market their pre-paid card programs.

The Center for Responsible Lending, a subsidiary of the Self Help Credit Union, has released a report condemning practices that some of the largest card issuers have adopted, the Center alleged, to avoid the practices banned by new card regulation.

The merger completed this month of a $47 million Eureka, Mo. credit union into the $628 million Vantage CU of St. Louis has worked out dandy for the financials, but it's another story when it comes to the computer conversion.

As President Obama met with bankers today to discuss how they can help small business recover, CUNA President/CEO Dan Mica continued to reiterate that credit unions are doing their part and could be doing much more.

New accounting standards proposed by the Financial Accounting Standards Board include a requirement to value whole loans using fair value requirements, like those currently used by corporates to value distressed mortgage-backed securities.