News

Reiterating his support to the Credit Union Association of New Mexico, U.S. Rep. Martin Heinrich (D-N.M.), a co-sponsor of H.R. 3880 legislation to raise the member business lending cap, said the change makes fiscal sense for small businesses.

The $1.4 billion Summit Credit Union of Madison, Wis. said last week it has received member and regulatory approval to merge the $68 million State Central CU of Milwaukee effective June 30.

The recent attention on state budget cuts and their impact on financial oversight turned to Georgia last week as the state's top regulator and Georgia Credit Union Affiliates lamented the loss of examiners.

Enlisting the help of credit unions, the Co-Op Miracle Match program has again offered $1 million for Children's Miracle Network support.

Loan demand declined in most categories during the first quarter of 2010 and this added to the difficulties facing many federally insured credit unions, the NCUA reported today.

The industry's fervent interchange blitz to kill the Durbin amendment continued to build momentum Wednesday with CUNA projecting its membership will have conducted 100,000 electronic and verbal contacts with lawmakers by day's end.