News

WASHINGTON-NCUA Board Member Gigi Hyland encouraged credit unions to look at their current challenges as opportunities. She emphasized that NCUA's efforts to begin documenting credit union service to members of modest means is only a pilot program. "I am absolutely opposed to imposing CRA-like requirements on credit unions," Hyland, the...

WASHINGTON-CUNA's unaudited financials, as reported during the Governmental Affairs Conference, show the trade association in a strong financial position heading into 2006. According to the report during the Annual General Meeting by CUNA Treasurer Tom Dorety, CEO of Suncoast Schools Federal Credit Union in Tampa, Fla., CUNA had an operating...

WASHINGTON-CUNA is continually breaking records for attendance at the Governmental Affairs Conference and they are beginning to feel a bit cramped. About 4,200 people attended this year's GAC and much of the general sessions and breakouts were standing room only. Due to contractual obligations, the trade association will be holding...

WASHINGTON-Legislator after legislator took the podium during CUNA's GAC in support of credit unions' tax-exemption. They were met with standing ovations. *Senate Majority Leader Bill Frist (R-Tenn.) told credit unions we are an `over-taxed' nation. "We, I, on behalf of our legislative body, absolutely support the current [tax] exemption for...

WASHINGTON - A representative from the Consumer Data Industry Association and a lobbyist who works with the Delaware Credit Union League debated some of the finer points of so-called credit freezes, procedures by which consumers can prevent credit reporting agencies from selling their credit reports for opening new credit applications....

WASHINGTON-Self-professed Luddite, former Nightline Anchor Ted Koppel, lamented how technology has changed the media and our lives "not always for the better." He recalled the "old days" of news reporting when he was covering the Vietnam War and how he could barely get garbled messages through the Telex system and...