News

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.

The Defense Credit Union Council recognized three military credit unions with its "Distinguished Service Award," last week.

The New Jersey Credit Union league recently sponsored a luncheon highlighting an effort to bring credit union services to more disabled people.

Credit cards led the way in what was overall very weak credit union loan growth in the second quarter, according to data reported to the NCUA.