News

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.

S. Denise Hendricks, who has worked on equal opportunity issues for the Defense Department, has been named the NCUA's director of equal opportunity.