News

Negotiations to forestall the shuttering of 10 credit union offices in facilities of the Missouri Highways and Transportation Department continued Friday amidst a renewed industry push to get backing from lawmakers and Gov. Jay Nixon.

The NCUA should offer specific guidance to credit unions that want to merge with others and establish registries at each of its regional offices of interested credit unions "willing and able to merge."

Despite heavy snow in some regions and in contrast to the usual pattern of slower consumer purchasing in the winter, retail sales rose 0.3%, the Commerce Department reported today.

Jim Collins, the best-selling author of "Good to Great" and "How The Mighty Fall and Why Some Companies Never Give In," will be the keynote speaker at the joint CUNA and WOCCU conference in July.

It's time to meet Beth and Paige, the personalities of Bethpage Federal Credit Union's new rebranding effort.

While money market accounts were the star of the savings show for most of 2009, individual retirement account balances made a steady rise at credit unions.

Senate Banking Committee Chairman Christopher Dodd said today lawmakers are on a "positive and optimistic track," in trying to reach an agreement on regulatory restructuring, but declined to discuss specifics of the bill he will introduce on Monday.

In a move apparently traced to the state's budget shortfall, the Missouri Highways and Transportation Commission voted this week to sever ties and fire employees at 10 small credit unions located in district offices across the state.