Credit Union Times | Accurate and Timely CU News

USC CU Joins SBA Preferred Lender Ranks

By Michelle A. Samaad

The $315 million USC Credit Union is the latest to join the SBA's preferred lender program.

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Four Credit Unions Participating in Making Home Affordable

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First Iowa CU IDA Saver Closes on Home

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August 05, 2009

NCUA Asks Fed to Consider Compliance Costs of Credit Card Measures

NCUA Chairman Michael E. Fryzel asked Federal Reserve Chairman Ben Bernanke to "give every consideration to the significant costs and operational difficulty" for credit unions to comply a law and regulations on mailing open-ended credit statements.

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August 05, 2009

IRS Uses Alabama CU Case to Bolster UBIT Argument

While it is still fuzzy on how CUSOs figure in unrelated business income tax, the IRS has repeatedly turned to a 1986 Alabama Central Credit Union case involving group life insurance to make its case.

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August 05, 2009

Shared Branching Networks Studying IRS Issue

Lawyers representing nationwide shared branching networks are working with CUNA lawyers to respond to a recent move from the Internal Revenue Service that could make income from shared branching taxable under unrelated business income tax.

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August 05, 2009

IRS Says Shared Branching Revenues Subject to UBIT

Revenues from shared-branching arrangements are among the items subject to the unrelated business income tax, according to an IRS technical advice memorandum.

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August 05, 2009

NCUA Hosting Webinar on CLF Changes

The NCUA will hold a webinar Monday to provide background information about recent changes to CLF's investment policy and pending transfer of CLF stock ownership from U.S. Central FCU to other credit unions.

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August 04, 2009

Texas CU Deploys Imaging, Branch Capture

Border Federal Credit Union in Del Rio, Texas, is now using integrated branch capture and document imaging from Integrated Bank Technology.

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August 04, 2009

New Title Co.

Seattle-based Prime Alliance Solutions has teamed with the $13 billion Pentagon Federal Credit Union to form Prime Alliance Title LLC, a credit union-owned mortgage title insurance company.

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Top News Stories

USC CU Joins SBA Preferred Lender Ranks

Four Credit Unions Participating in Making Home Affordable

First Iowa CU IDA Saver Closes on Home

Recommended Just For You

News Stories

NCUA Asks Fed to Consider Compliance Costs of Credit Card Measures

IRS Uses Alabama CU Case to Bolster UBIT Argument

Shared Branching Networks Studying IRS Issue

IRS Says Shared Branching Revenues Subject to UBIT

NCUA Hosting Webinar on CLF Changes

Texas CU Deploys Imaging, Branch Capture

New Title Co.