Credit Union Times | Accurate and Timely CU News

CUNA Lending Council Taps New Members

By Peter Westerman

The coming year's executive committee and officers for the CUNA Lending Council were recently named at the council's annual meeting in Las Vegas.

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Industry Health Scores Decline in Third Quarter

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Turkeys for Our Troops

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November 30, 2010

NAFCU Report Says CUs Holding Steady but Fearful of New Regulations

Increased NCUA assessments coupled with more deposits and slower loan growth have put considerable strain on credit unions and they fear the impact of higher regulations, according to a report NAFCU presented to the Federal Reserve Board today.

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November 30, 2010

Deficit Reduction Panel Report Calls for Elimination of CU Tax Exemption

A report that is likely to be voted on this week by a presidentially appointed commission on deficit reduction recommends eliminating business tax expenditures including the tax exemption for credit unions.

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November 30, 2010

SE League Sets Ad Blitz

The League of Southeastern Credit Unions is stepping up its efforts to reach a youthful audience in 2011 by launching a $2.1 million image campaign next April under the tagline "Credit Unions, We're Giving Banking a Better Name."

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November 30, 2010

Few CU Winners in Tough Lending Times

Only three credit unions were recipients of Excellence in Lending awards this year in large part because of a rough lending atmosphere.

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November 30, 2010

Members Mark 75 Years With 7.5% CD Yield

The $491 million Justice Federal Credit Union felt one way to celebrate its 75th anniversary was offering members an annual percentage yield of 7.50% on a 75-day share certificate of deposit.

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November 30, 2010

Corporates Create Payment System CUSO

Credit unions may soon have another alternative for their payment system processing through a new CUSO scheduled for launch by the corporate credit union network.

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November 30, 2010