Credit Union Times | Accurate and Timely CU News

On-Site Coverage: ASI FCU Turns Catastrophe Into Success

By Michelle A. Samaad

Many of the members served by ASI Federal Credit Union live in the Ninth Ward here and were devastated by the destruction that Hurricane Katrina caused more than two years ago.

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Hispanics Are Major Gift Card Market, Survey Says

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Hispanics Are Major Gift Card Market, Survey Says

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November 08, 2007

Visa USA Announces Settlement of American Express Suit

Visa USA and American Express have settled their long-standing legal dispute over anti-trust allegations. Under the terms of the agreement that Visa announced American Express would receive $1.12 billion from Visa USA and the banks that were also named in the suit. The money would not come from Visa however,...

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November 07, 2007

Pennsylvania Supreme Court Postpones Argument in Freedom, TruMark FOM Case

The Pennsylvania Supreme Court is delaying until next March hearing oral arguments in the three-year-old community chartering suit against Freedom Credit Union and TruMark Financial CU brought by the Pennsylvania Bankers Association.

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November 07, 2007

SBA's Patriot Express Off to Strong Start

In the four months since its launch, the Small Business Administration's SBA Patriot Express Loan Initiative has produced more than 500 SBA guaranteed loans amounting to $51 million, with an average loan amount of nearly $102,000, the agency announced today.

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November 07, 2007

SBA's Patriot Express Off to Strong Start

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November 07, 2007

NAFCU Tries to Head Off Mortgage Bankruptcy Reform as it Gains Steam

In preparation for today's 1 p.m. markup of The Emergency Home Ownership and Mortgage Equity Protection Act of 2007 (H.R. 3609), NAFCU sent a letter to the House Judiciary Committee leadership.

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November 07, 2007

Bylaw Change Will Not Necessarily Eliminate Conversion Litigation

Moving credit union bylaws into NCUA's regulations will not necessarily stop litigation surrounding credit union attempts to change from credit union to bank charters, according to a leading consultant in the process.

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November 07, 2007