News

Credit unions could make business loans totaling up to 25% of their assets-up from the current cap of 12.25%-under a bill introduced today by Rep. Paul Kanjorski (D-Pa.).

The Obama administration's regulatory reform agenda hit another bump in the road last week when a key House panel delayed consideration of a measure to create a new agency to regulate consumer products.

More than 500,000 Social Security recipients have signed up to receive their benefits on a prepaid debit card, and more than 88% said they would recommend that other recipients sign up.

Launching new marketing campaigns in the wake of bank failures and the trend of looking for merger opportunities were on the minds of California CU executives last week.

The Credit Union League of Connecticut is urging its members to ignore a call to action by NAFCU on changes to recently passed credit card legislation.

Southwest Corporate Federal Credit Union is making available to credit unions a white paper that examines how market spreads impact relative asset value. A PDF copy is available for download on Southwest Corporate's Web site, www.swcorp.org.