News

The number of suspicious activity reports that involve identity theft increased by 123% between 2004 and 2009, according to a report issued by the Treasury Department's Financial Crimes Enforcement Network.

Credit unions and other interested parties have 60 days to comment on proposed rules issued by the Federal Reserve aimed at ensuring that appraisers make decisions without the influence of those who could derive financial benefits from those decisions.

Credit union employees wanting details on the NCUA's new rules on short-term payday loan alternatives can consult the regulatory alert issued by the agency.

The question of whether a CUSO can act as a loan broker for loans used to finance the purchase of New York City taxi medallions was recently addressed by the NCUA.

Rep. Paul Kanjorski (D-Pa.), one of the strongest supporters of credit unions in Congress, trails his GOP challenger Lou Barletta 48%-43%, according to a poll released today by The Hill newspaper.

Credit union members feel better about their personal finances than consumers generally and tend to have more money left over after paying monthly bills.

One of the nation's smallest corporates, the $100 million Iowa Corporate Central CU of Des Moines, is about to end its operations possibly by yearend with correspondent services shifted to the National Cooperative Bank of Washington.

Nader Moghaddam, president/CEO of the $710 million Financial Partners Credit Union has a message about all that California gloom and doom: Credit Unions are overcoming the challenges and have become creative managers.