Credit Union Times | Accurate and Timely CU News

Udall Uncertain If He'll Be Allowed to Offer MBL Cap Hike

By Claude R. Marx

Senate leaders haven't made a commitment to allow Sen. Mark Udall (D-Colo.) will be allowed offer his amendment to raise the cap on member business loans for credit unions, his spokeswoman said today.

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NCUA to Arrowhead: No New MBLs

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July 08, 2010

Town North Bank Almost Undercapitalized Prior To TNB Sale

According to the FDIC, credit union owned Town North Bank had a tier one capital ratio of only 4.05% as of March 31, the last quarter before the bank sold its card processing division, TNB Card Services.

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July 08, 2010

First Michigan Bank Vows to Fight CU's Trademark Suit

In response to a trademark infringement suit filed by Michigan First Credit Union, First Michigan Bank said the claims are without merit and it intends to defend its name.

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July 08, 2010

New Web Gateway Deployed at COCC

COCC said it has deployed a set of new Internet security appliances at the Avon, Conn., data center where it serves 170 credit union and banks.

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July 08, 2010

CUNA Mutual Issues $85 Million in Surplus Notes

Positioning itself for future growth, CUNA Mutual said it has entered into an agreement with institutional investors to issue $85 million in fixed-rate, 20- year surplus notes.

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July 08, 2010

Connecticut League Maps 'Totally Free' Education Series

The Connecticut Credit Union League announced this week it is broadening its two-year-old program to aid small credit unions.

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July 08, 2010

FICO Releases New Debt Collection Software

The Fair Isaac Corporation has released a revamped edition of its debt collection software that the data company said will be easier and less expensive to deploy and use.

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July 07, 2010