News

Thanks in part to advocacy ads hitting on ownership, Michigan credit unions enjoyed a sharp membership run-up in 2010 with prospects hopeful for more of the same in 2011, according to the Michigan Credit Union League.

Commenting on FinCEN's proposed rules on cross-border electronic transmittals of funds, NAFCU asked the agency to consider the regulatory burden, the amount of information it already receives and the security issues involved.

The Members Group is offering a downloadable white paper on what it says may be the inevitable demise of magnetic-stripe cards in favor of the EMV global payments standard.

In compliance with NCUA's Jan. 27 rule on financial literacy for directors, state leagues are revving up their 2011 training and education programs.

The $1.2 billion TruMark Financial Credit Union of Trevose, Pa., recently sent a couple staffers to provide a group of more than 300 high school students some holiday advice on how to avoid being scammed online.

Finalizing the merger of the tiny Champaign County Employees Credit Union, the CEO of its new parent, the $248 million University of Illinois Employees CU, said Thursday he sees no sign of changing trends impacting small CUs.