Credit Union Times | Accurate and Timely CU News

CFA Praises Passage of Financial Reform Legislation, CU's Still Oppose

By David Morrison

Even as CUNA and NAFCU have indicated they will opposed the current finance reform package, the Consumer Federation of America has hailed Congress for having brought the bill this far.

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CO-OP Says Shared Branching Coming to Existing ATMs

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Trades Continue Ramping Up for Elections

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June 23, 2010

Nine Banks First to Use SBA's Mortgage Loan Pool

The SBA said nine banks are the first approved lenders for a new loan pool origination program that will assemble and sell pools of 504 program first mortgage loans to help jump start a secondary market.

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June 23, 2010

Hudson Valley Merging Putnam FCU as Small CU Fate Cited

The $2.8 billion Hudson Valley Federal Credit Union of Poughkeepsie, N.Y., expects to complete a merger of the ailing, $50 million Putnam FCU of Carmel by July 1, the credit unions have announced.

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June 23, 2010

Fewer Than 100 Credit Unions May Wind Up With TARP/CDCI Money

Although the funding process is nowhere near complete, it appears that fewer than 100 credit unions may wind up receiving any money from the U.S. Treasury's Troubled Asset Relief Program.

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June 23, 2010

Ex-Mid-America CEO Joins Publisher

Tony Richards, the former CEO of the Mid-America Credit Union Association in North Dakota, has joined a Tennessee publishing house to collaborate on writing a self-help book on business goals.

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June 23, 2010

Conferees in Final Stages on Financial Overhaul Bill

House and Senate conferees are putting the final touches on the financial overhaul bill and were hoping to finish work Thursday evening so both chambers could vote next week.

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June 23, 2010

Kansas CUSO Aims to Dispel Membership Myths

Through a number of free, promotional materials, Beyond Marketing LLC has launched a web site to help credit unions change misunderstandings about membership eligibility.

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June 22, 2010