News

The Pennsylvania State Employees Credit Union is doing its part this month to help out state employees who face losing paychecks as the state grapples with a July 1 budget deadline.

With much fanfare, the $2 billion Affinity Federal Credit Union marked its first ever Small Business Administration loan-a $150,000 loan to a New Jersey technology firm.

Persons interested in attending the upcoming symposium-featuring an array of speeches and panel discussions on the history and future of credit unions--commemorating the 75th Anniversary of the Federal Credit Union Act can still sign up.

The government should have an independent systemic regulator but not combine the existing bank regulators into one agency, ABA President Edward L. Yingling wrote Treasury Secretary Timothy Geithner.

Credit union lobbyists with the Wisconsin Credit Union League gear up to support a cap the interest on so-called payday loans at 36%, but pointed out the state's credit unions are already fighting the problem.

The economy continued its downward slide during the first three months of the year, though at a slightly slower pace than during the last quarter of 2008.