News

CUNA believes its efforts in putting together a weekly financial education radio show should pay off in better-educated consumers and greater recognition of the credit union brand.

New York City Mayor Michael Bloomberg chose the $19 million Lower East Side People's Federal Credit Union as the venue to announce a major new anti-poverty initiative that is expected to generate $150 million to fund the recommendations of the Commission for Economic Opportunity.

Just three months after the completion of one of South Florida's largest credit union mergers, Henry Prior, president/CEO, announced Dec. 18 that he would retire in February from Power Financial Credit Union.

Conversion Rule Headlines NCUA Board Meeting

At its Dec. 11 holiday event, CUNA recognized President/CEO Dan Mica and Chief Operating Officer Richard McBride for their 10 years of service. Mica right was presented with a crystal eagle, and McBride a crystal golf bag.

In response to the updated insurance coverage following the Federal Deposit Insurance Reform Act signed into law earlier this year, NCUA has revised its Your Insured Funds Booklet.