Credit Union Times | Accurate and Timely CU News

CUNA Files FOIA for Treasury Plan

By David Morrison

WASHINGTON -- CUNA has filed a Freedom of Information Act request for documents submitted to the U.S. Treasury Department from banking associations as part of the process to develop the Department's recent proposal for sweeping regulatory overhaul.

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Advocacy Groups Blast Senate Bill

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Senate Panel Grills Principals of Bear, Stearns Bailout

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April 04, 2008

Mortgage Restructuring in Bankruptcy Rejected by the Senate

WASHINGTON -- Seeing strong Republican opposition to allowing bankruptcy judges to alter terms on the mortgages of primary homeowners--as they are already empowered to do for vacation homes, yachts and investment properties--Senator Dick Durbin (D-Ill.) withdrew his amendment to the housing bill late yesterday.

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April 03, 2008

LaserTech Shuts Doors; Credit Unions Scrambling to Find Vendor

MADISON, Wis. -- LaserTech, the electonic printing company that provides statement printing services to numerous credit unions has shut down unexpectedly.

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April 03, 2008

Indiana Credit Unions Brace for ATA Airline Collapse

INDIANAPOLIS -- Credit unions in Indiana and abroad may be bracing for the aftermath of ATA Airlines, which shut down today leaving passengers stranded and more than 2,200 employees without jobs.

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April 03, 2008

Credit Union Cherry Blossom 10-Mile Run(R) Raises More Than $1M for CMN

WASHINGTON -- Credit Union Miracle Day, Inc., sponsors of the 36th annual Credit Union Cherry Blossom 10-Mile Run(R), announced today that it has exceeded its goal of raising $1 million for the Children's Miracle Network.

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April 03, 2008

Aloha Airlines FCU Assists Following Airline Shutdown

HONOLULU, Hawaii -- Aloha Airlines Federal Credit Union said it is ready to assist members impacted by the shutdown of Aloha Airgroup, Inc. which ceased operations on March 31.

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April 03, 2008

Senate Debating Housing Amendments

WASHINGTON -- The Senate is currently debating housing legislation, with several amendments to the base package under discussion. Senator Durbin's (D-Il.) amendment to allow bankruptcy judges to amend mortgage terms was introduced and four Republicans, including Sam Brownback of Kansas spoke against it.

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April 03, 2008