Credit Union Times | Accurate and Timely CU News

Dodd Sponsors Credit Card Interest Rate Freeze Measure

By Claude R. Marx

Credit card issuers would have to immediately stop raising interest rates on existing balances under the provisions of a bill introduced today by Senate Banking Committee Chairman Christopher Dodd (D-Ct.).

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Guidelines for Commercial Real Estate Loan Workouts Coming

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Federation Seeking to Step Up Advocacy Role

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October 25, 2009

New Online Banking Launch for Agriculture FCU

A new Web presence and series of online and electronic banking services from PM Systems Corp. will soon help Agriculture Federal Credit Union expand member services while mitigating the rising cost of physical branches, the company and credit union said.

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October 25, 2009

Annual Fees Starting to Reappear

Bank of America and other big credit card issuers are handing credit unions with card programs another strong marketing message by starting to add annual fees to their cards once again.

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October 22, 2009

Affluent Moving More Retirement Money Around

In search of better value, personalized advice and a financially-sound provider, affluent investors said they have moved significant amounts of their retirement money around over the past year.

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October 22, 2009

Bernanke Pushes for Regulatory Reform

Federal Reserve Chairman Ben Bernanke said today that even though the economy has started to improve, that doesn't lessen the need for comprehensive regulatory reform, especially with regard to large financial institutions.

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October 22, 2009

Members United Depletes 100% PIC and 40% MCS

Members United Corporate FCU released its September month-end financial statements today, and as expected, the $7.5 billion corporate depleted 100% of paid-in capital and recorded a 40.2% depletion of membership shares.

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October 22, 2009

CUNA Steps Up Pleas to Increase MBL Cap

Days after President Barack Obama announced a proposal that provides incentives to community development credit union to help small businesses, CUNA continued to call for increased member business lending authority.

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October 22, 2009