News

While CUSO participation is on the rise in the industry, the entities still are not the formidable players some advocates would like to see them be.

Mike Hearne, the controversial CEO of the $314 million Lafayette Federal Credit Union is no longer with the institution, according to sources familiar with the situation.

It's official, barring any unforeseen objections from the Iowa Commissioner of Insurance or Iowa Attorney General, the CUNA Mutual Life Insurance Company and CUNA Mutual Insurance Society will merge sometime later this year.

The number of lawmakers backing the Credit Union Regulatory Improvements Act (H.R. 1537) reached 121 this week, including primary sponsor Paul Kanjorski (D-Pa.).

The number of lawmakers backing the Credit Union Regulatory Improvements Act (H.R. 1537) reached 121 this week, including primary sponsor Paul Kanjorski (D-Pa.).

Acting IRS Commissioner Kevin Brown recently wrote to the Senate Finance Committee that the line between tax-exempt and commercial entities is blurring, listing credit unions as key offenders, which CUNA did not take to kindly to.