News

A proposal by the Texas Credit Union Department to recover travel, time and transportation expenses from CUs involved in "unusual" exam cases ran into opposition from the Texas Credit Union League Thursday.

Credit unions belonging to the Financial Services Roundtable or its affiliates or the FS-ISAC (Financial Services-Information Sharing and Analysis Center) can take advantage of a new service designed to help them protect against e-mail fraud.

The $550 million Michigan First Credit Union said today it is moving forward with a suit against First Michigan Bancorp Inc. for trademark infringement.

Referring to credit unions as "taxpayer subsidized," the Independent Community Bankers of America wrote senators that raising the cap on member business loans would "be an unfair and ineffective means of increasing small business credit."

Fynanz, Inc., a credit union student lending program provider, has revamped its website to feature a blog devoted to helping students and families obtain education and research about college financing.

Ohio Governor Ted Strickland has named a former banker to be that state's next CU regulator.