News

CUs should back the eventual privatization of the Government Sponsored Entities Fannie Mae and Freddie Mac, according to law professor David Reiss in a Filene Research Institute paper.

CUNA says the Fed's proposed interchange rule would have adverse effects for credit unions and that it should work with Congress to delay implementation by two years to further study the issue.

Last year, 27 new credit unions joined myCUmortgage, boosting the mortgage-issuing CUSO to nearly $1 billion in volume, the CU announced.

CUNA says the Fed's proposed interchange rule would have adverse effects for credit unions and that it should work with Congress to delay implementation by two years to further study the issue.

A key Senate subcommittee chairman criticized a provision of NCUA's corporate credit rule encouraging corporate credit unions to levy a fee to members that are not federally insured in order to pay for the rescue of the corporate credit union system.

While Georgia's credit union members are working to build a buffer of savings by cutting back on expenses and delaying large purchases, they are still unprepared to deal with any further financial setbacks.