News

The CEOs of two rural credit unions explained to lawmakers today how they have been helping their members through difficult times and said they could do even more if Congress would let them make more business loans.

The $9 billion Members United Corporate FCU posted potential loss scenarios in its portfolio update on its Web site, www.membersunited.org.

Last week, Wisconsin Gov. Jim Doyle put an end to a measure that would have allowed Educators Credit Union in Racine, Wis., to continue to sell cars.

Credit unions filed 9% more Suspicious Activity Reports last year, according to data released by the Treasury Department.

The Golden One Credit Union President/CEO Terry Halleck said she's not worried about accepting state-issued IOUs even though major banks have said they'll stop cashing them for customers Friday.

Credit unions had $236.8 billion in outstanding consumer credit in May, up from $235.8 billion in April, the Federal Reserve reported today.