Credit Union Times | Accurate and Timely CU News

Impact of $50 Billion Investment Ponzi Scheme on CUs Is Unclear

By Michelle A. Samaad

WASHINGTON -- It is still not clear whether any credit unions were among the victims of what the Securities and Exchange Commission is calling a $50 billion Ponzi scheme perpetrated by Bernard L. Madoff Investment Securities LLC.

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Governor Applauds Rhode Island CUs for Small Biz Stimulus Aid

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CUNA Requests UBIT Meeting With Treasury and IRS

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December 23, 2008

NCUA Announces Illinois CU Will Purchase California CU's Assets

PEORIA, Ill. -- Members of San Jose, Calif.-based Valley Credit Union might have scratched their heads last week when they receive letters from the NCUA informing them that the agency had selected the $3.6 billion Citizens Equity First Credit Union

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December 23, 2008

KV Members Opposed to Charter Change, Merger Begin to Organize

AUGUSTA, Maine -- Members of the $51 million KV Federal Credit Union who oppose their credit union's proposed charter change and merger with a local bank have begun to organize.

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December 23, 2008

CUs, Slighted by Treasury on TARP Funds, Generated In-House Support

WASHINGTON -- Credit unions were given access to government assistance to help deal with the effects of the economic downturn, but it took a different form than the Bush administration promised.

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December 23, 2008

NASCUS' Fortney Discusses Challenges and Opportunities for State Regulators

WASHINGTON -- One of the cornerstones of credit union governance has been the dual-chartering system.

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December 23, 2008

Becker Reflects and Predicts on State of Economy and Credit Unions

WASHINGTON -- As president/CEO of NAFCU, Fred Becker has had a prime seat to view the current financial crisis. CU Times recently sat down with him to discuss his views on the past year and what lies ahead for credit unions.

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December 23, 2008

CUs Should Harness Technology That Permits Member Overdraft Notices

WASHINGTON -- The recently released results of the FDIC's study on bank overdraft programs highlights key issues credit unions should examine when it comes to their own overdraft programs.

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December 22, 2008