News

Both CUNA and NAFCU sought to downplay a recent suggestion from the President's Economic Recovery Advisory Board that taxing credit unions might be one way to increase government revenue.

The court extended the deadline for further written arguments between the organizers and volunteers of the at least partially liquidated Kappa Alpha Psi Federal Credit Union and the NCUA.

The SBA has announced that small businesses won $96.8 billion in federal contracts in fiscal year 2009, a $3 billion increase over FY 2008.

A report from the Presidential Economic Recovery Advisory Board on simplifying the tax system has included a recommendation to tax credit unions

The Federal Reserve has contacted CUNA and NAFCU as part of its preliminary work to come up with an interchange cap for debit cards issued by financial institutions with more than $10 billion in assets.

Given current stagnant growth, aging boards and NCUA assessments, the industry need not be surprised by more small credit union mergers, the CEO of the $1.3 billion Affinity Plus Federal Credit Union, forecast Monday.