News

American's generally may be cutting back on their use of revolving credit, but the holders of at least some credit union issued cards are still borrowing.

An entertainment center may face liquidation over bankruptcy protection weeks after Members 1st Federal Credit Union, the mortgage holder, stepped in to pay off back taxes to keep the megaplex operating.

Steve Dowden, president/CEO of CUNA Brokerage Services Inc. will leave the company at the end of October to serve as president/CEO of broker-dealer INVEST Financial Corp., the firm announced today.

Randolph-Brooks FCU Senior Vice President of Business Services Mark Sekula is scheduled to testify on behalf of NAFCU before the House Small Business Committee tomorrow.

On a voice vote following minimal debate, the House today approved a measure giving credit unions and other financial institutions more flexibility on providing notification to consumers about non-credit card accounts.

Credit union executives and volunteers interested in learning about the compliance requirements of the CARD Act can sign up for CUNA's Oct. 20 audio conference call on the subject.