Credit Union Times | Accurate and Timely CU News

CUs Dispute Over Payday Loan Alternative Profitability

By David Morrison

Does a payday loan alternative program have to be unprofitable to be good for members?

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Conservative Coalition Comes Out Against Durbin Amendment

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Durbin Indicates Exemption for State Governments on Interchange

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June 15, 2010

Conferees Agree to Make $250,000 Share Insurance Cap Permanent

Accounts of up to $250,000 at credit unions and banks would be permanently insured beyond the current expiration date of 2013, as a result of an amendment approved late yesterday by the House-Senate conference committee on regulatory overhaul.

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June 15, 2010

VP Moves from Raddon to IMN

IMN has named a new executive in charge of leading business and partnership development for its Credit Union On and Banking On hosted e-communications solutions.

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June 15, 2010

Vendors Pushing Out Reg E Help

Fiserv Inc. and Xtend Inc. have joined the list of vendors offering credit unions help in meeting the federal Regulation E opt-in deadline of July 1.

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June 15, 2010

Members Choose to Reduce Debt Rather Than Save

One of the reasons savings may have slowed at credit unions is because members are still more apt to pay down their high-cost debt first.

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June 15, 2010

Ad Criticizes CUs on Interchange and Raises Specter of Taxing Them

An ad depicting a duck with a cigar in its mouth takes aim at credit unions' tax exempt status due to widespread credit union opposition of an amendment that would give the Fed the power to regulate interchange fees.

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June 15, 2010