News

In a move rarely seen in the industry, Anheuser-Busch Employees' Credit Union has signed an agreement allowing it to serve the retail and business customers of Stifel Bank and Trust.

The chairman of the NCUA would be included in the council of regulators that could make decisions on systemic risk and hear appeals of rules by the new consumer financial regulator if an amendment sponsored by Sen. Susan Collins (R-Maine) is approved.

Accounting firm Crowe Horwath put an asterisk on its audit approval of Southwest Corporate FCU's 2009 annual report, and it wasn't the usual exception that member capital shares should be reported as liabilities instead of equity.

SBA Administrator Karen Mills announced today the agency is making low-interest loans available to Louisiana Gulf Coast small businesses suffering financial losses following the April 20 Deepwater BP oil spill.

Prime Financial Credit Union of Cudahy, Wis., once considered a failed CU, is back on its feet "as an independent" organization returning to normal operations.

Though emphasizing that the decision must ultimately made by people in the credit union movement, CUNA President/CEO-designate Bill Cheney said today he believes there should be one voice for credit unions.

Limited community development financial institutions are among those eligible to work with a new Citigroup $200 million fund to help small businesses in low and moderate income communities.

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