News

ANAHEIM, Calif. -- In a session that would have been taboo five years ago, the California and Nevada Credit Union Leagues Annual Conference was home to a session on merger strategies.

A Kansas software firm, specializing in serving the 20 "bankers' banks" across the U.S. on settlement and payments, is enjoying a spurt in activity from the corporate credit unions "about ready to make a change."

In an effort to reduce losses to the NCUSIF, the NCUA on Wednesday announced a pilot program in which institutions that acquire failing credit unions can purchase and service loan pools and the NCUA would reimburse a percentage of any loan losses.

Federal credit unions can use a fully automated loan approval process but should be careful that it has safeguards to ensure that it doesn't raise safety

Credit unions wanting information about how to comply with Red Flag rules on privacy can download a free podcast from NAFCU Services and Wolters/Kluwer Financial.

Saying that it would be "another important step in increasing access to capital for our nation's small businesses in these uncertain times," NAFCU urged members of the Senate to take up a measure to increase the cap on member business loans.

The Education Credit Union Council is now offering the "Burning Money" financial literacy curriculum to all U.S. high schools for free.

ANAHEIM, Calif. -- Credit unions have kept strict watch on increasing income and lowering expenses over the last few years of tough times, but some have made creativity and frugality a way of doing business.