News

Bellco Credit Union doesn't have to pay unrelated business income tax on its income from credit insurance or on royalties from accidental death and dismemberment insurance.

CUNA announced today it is forming a 12-member "Next Steps Corporate Credit Union Working Group" it hopes will provide an organizational framework so credit unions can maintain access to traditional corporate services at a reasonable cost.

Pending regulatory approval, the $276 million Berrien Teachers' Credit Union of St. Joseph, Mich. and the $2 million Otsego Paperworkers CU also in Michigan will merge in late April or May.

Western Corporate Federal Credit Union President/CEO Phillip Perkins announced a number of staffing changes at the troubled corporate.

The $3 billion Desert Schools Federal Credit Union has offered $10,000 for tips leading to the arrest of a robber who entered the credit union on crutches and wrapped in bandages.

NAFCU President/CEO Fred Becker again urged the NCUA to "use the authorized tools at its disposal to spread out assessment expenses."

The National Federation of Community Development Credit Unions is joining other New York State community development advocates in celebrating the New York Senate's recent support.

For 85 years, Michigan's credit unions have been offering business loans "in the same prudent and common-sense manner that they have also handled mortgages and personal loans," Michigan Credit Union League President/CEO David Adams recently reminded.