Credit Union Times | Accurate and Timely CU News

MBL Hike/Jobs Legislation on Back Burner in Senate Again

By Claude R. Marx

A Supreme Court nomination and energy legislation are taking center stage in the Senate this week, thus putting a job creation bill on the back burner.

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NCUA Explains Conservatorship Stance

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Clearview Extends Pa. Reach With A-K Valley Merger

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August 02, 2010

DuTrac Flood Fund Hits at $25,000

A co-op fund-raising campaign led by the $465 million DuTrac Community CU of Dubuque, Iowa and joined in by a gas station chain and radio DJs to help victims of the July 24 Lake Delhi flood, has brought in just under $25,000.

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August 02, 2010

Allpoint Announces Deal With Kroger

Credit unions belonging to the Allpoint network will now be able to offer their members fee-free ATM access to 800 Kroger stores across the country, according to Allpoint owner Cardtronics.

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August 02, 2010

Lower Income Consumers Use Debit Cards Markedly More, MasterCard Says

More evidence has come to light that suggests credit unions with more lower income members may take a deeper hit from the upcoming cap on debit card interchange than CUs with fewer lower income members.

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August 02, 2010

Smith of LGFCU Posts Own Site in CUNA Race

Maurice Smith, the president/CEO of the $1 billion Local Government Federal Credit Union of Raleigh is testing something different in his race for the 2011 CUNA Board of Directors--using the Internet to promote his candidacy.

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August 02, 2010

NCUA Liquidates Kappa Alpha Psi FCU

Saying that it is "minimally capitalized and there are no reasonable prospects for the credit union to achieve adequate capitalization," the NCUA today announced it was liquidating Kappa Alpha Psi FCU.

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August 02, 2010

Corporate Central Brags Nearly 4% Core Capital, 1% Retained Earnings

The $1.9 billion Corporate Central Credit Union announced yesterday it has raised $50 million worth of Tier-One capital from members, raising its core capital ratio to nearly 4%.

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August 02, 2010