News

WASHINGTON - The U.S. Treasury Department is urging credit unions and banks to offer Health Savings Accounts. Approved as part of the Medicare Prescription Drug, Improvement and Modernization Act of 2003, HSAs are designed to help individuals save for medical and retiree health expenses on a tax-free basis. Any individual...

WASHINGTON-Headlining NAFCU's Congressional Caucus, former Congressman Fred Grandy (R-Iowa)-also known as Gopher from the television show Love Boat-shared his "reflections of a recovering congressman." He stated that the biggest danger to democracy is the "apathetic citizen." Grandy encouraged his audience to get out there and make something happen while they...

WASHINGTON-Attendees of NAFCU's Congressional Caucus posed some serious questions to the NCUA Board members. When NCUA Board Member Debbie Matz finished her prepared remarks, one attendee asked her why so many large community charter conversions were being granted when hundreds of small credit unions were being driven out of business...

HOUSTON - StarTrust FCU used the backdrop of the Allen Center office complex in downtown Houston to hold its third annual Rev `Em Up Auto Event. The credit union pulled off the event in partnership with Credit Union Acceptance Corp., a car-buying service for credit union members. A dozen local...

WASHINGTON-House Financial Services Committee Ranking Member Barney Frank (D-Mass.) thanked credit unions for not causing extra work for him and his staff back in the district. "One of the things that marks the business I'm in is we only hear from people when there are problems." he said. "I cannot...

WASHINGTON-Wayne Abernathy, Treasury's assistant secretary for financial institutions, told credit unions in Washington last week that the administration's backing of the credit union tax-exempt status is not waning. Abernathy was also quick to list out a number of programs he had learned about that credit unions are creating and participating...