News

At press time, CUNA and NAFCU and their allies were fighting to kill an amendment to further regulate interchange fees that their adversaries were couching in populist terms.

When the Recovery Act made it possible for credit unions and other lenders to take advantage of a 90% guarantee from the SBA, as of April, small business owners received their share of $23 billion.

Credit unions were among the groups that came out against last week's attempt to add the reform of Fannie Mae and Freddie Mac to the financial regulatory reform package in the U.S. Senate.

Oregon State Sen. Rick Metsger, a Democrat and the industry favorite in Tuesday's primary turned up the loser but the Credit Union Association of Oregon said Thursday the effort was worth it.

World Council of Credit Unions has been invited to comment on a G-20 proposal to increase financial services access to the world's poor.

Passageways LLC of West Lafayette, Ind., has joined with PolicyWorks LLC of Des Moines, Iowa, to offer what the credit union specialists call a comprehensive vendor management program.

Extensive investments in collateralized debt obligations, unrealistic growth patterns that went unchecked and the failure of state and federal examiners to

Some of the more than 20 credit unions that suffered losses when a vendor executive fraudulently sold mortgages written to Fannie Mae have made progress in getting at least some of their money and mortgages back.