News

Credit unions without federal insurance could face additional requirements for informing members about their insurance status, as a result of a proposed rule by the Federal Trade Commission.

Mike Haselden, president of Texans Insurance Group, resigned Nov. 2 to pursue another career opportunity, Texans Credit Union confirmed last week.

If the past five years are any indication, as long as unemployment goes up, deposit interest rates may stay low.

As expected, the Iowa Bankers Association, joined by the American Bankers Association, is mounting a challenge to the Federal Reserve application of the Iowa Credit Union League to buy an Arizona bank.

Credit unions can and should persevere in building both revenue and membership during this economic downturn.

Some of the alleged victims of David K Henke, the former CEO of the $6 million Rapids Municipal Credit Union, felt cheated on Nov. 2 when he failed to appear to answer embezzlement charges. Little did they know that he had already committed suicide