News

Determined to address local alarm over the fate of housing and subprime mortgages, the $803 million Royal Credit Union said today that it is planning to roll out a consumer hotline next month "to help us at least determine what the situation is."

NAFCU President/CEO Fred Becker decided that writing the Treasury Secretary and the IRS Commissioner was not enough and has taken his arguments in favor of the tax-exemption all the way to the White House.

Ryan Donovan, a former congressional chief of staff and current credit union lobbyist, will become CUNA's vice president of federal legislative affairs effective Sept. 4.

LAS VEGAS -- In a panel presentation at the opening session of the National Directors Convention here this week, Continental FCU CEO Tom Glatt thanked the industry again for coming to his support with cards, letters and e-mails to eventually turn back the Wings Financial Federal Credit Union merger rejected...

Two delegates from the Maryland & D.C. Credit Union Association, through the World Council of Credit Unions, have returned from Nicaragua after sharing ideas with the fledgling credit union system there on governance.

Elan Financial Services, a subsidiary of US Bank, has purchased the credit card portfolios of three more CUs.