News

Ohio credit unions pressed their case with state lawmakers this week to pass an enabling bill on depositing public funds in CUs, an issue which continues to draw fierce opposition from the banking lobby.

Credit unions may face a long haul in building back up their mortgage portfolios if new home sales continue to fall as they did last month.

The industry's clampdown on travel/conference spending in 2008-2009 is easing a little this year, but the job of filling the seats among the trade groups remains a challenge.

A recent survey conducted by Moebs Services showed that 1,800 banks and credit unions have made changes to their overdraft strategy since Regulation E was made a requirement in November 2009 by the Federal Reserve.

To hear the lament of the Missouri Credit Union Association, it was a "bolt out of the blue" when the state highway agency last week notified 10 small credit unions that they must vacate their offices by Sept. 30.

Corporate One Federal Credit Union has begun offering investment products and other securities-related services from Pleasant Ridge, Mich.-based broker-dealer Multi-Bank Securities Inc.

The American Airlines Federal Credit Union Web site (aacreditunion.org) has a new look and feel.

While Albert Gonzalez, the convicted ringleader of a major hacking operation that cost credit unions millions of dollars,