Credit Union Times | Accurate and Timely CU News

Kentucky Supreme Court FOM Ruling Hailed as Banking Defeat

By Jim Rubenstein

Credit union lawyers were hailing a Kentucky Supreme Court ruling upholding state authority on field of membership powers as providing the banking lobby "a resounding defeat" as part of its ongoing quest to curtail CU expansion.

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Fazio's Team Has 'Solid' Corporate Assessment Estimates

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On-Site Coverage: NCUA's Love Outlines NCUSIF Assessment Recommendations

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May 20, 2010

Trades Oppose Senate-Passed Regulatory Overhaul Bill

Citing the provisions that would allow the Federal Reserve to regulate interchange fees, CUNA and NAFCU both expressed opposition to the regulatory restructuring bill that the Senate passed 59-39 last night.

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May 19, 2010

CU*Answers Has 78 CUs Now Mobile

Since its mid-March launch, 78 credit unions have adopted CU*Answers new mobile banking service, the core processing CUSO said.

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May 19, 2010

ATM Inventor Dead at 84

John Shepherd-Baron, the Scotsman who has been recognized as the inventor of the Automated Teller Machine has died in Inverness, Scotland. He was 84.

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May 19, 2010

Dupaco Community Earns SBA's 504 Iowa First Mortgage Lender Award

The SBA recently honored Dupaco Community Credit Union with its 504 First Mortgage Lender of the Year award for the state of Iowa.

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May 19, 2010

Senate Moves Closer on Regulatory Bill

On a mostly party-line vote, the Senate voted today to spend no more than 30 additional hours debating the bill that will overhaul the regulation of financial services.

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May 19, 2010

On-Site Coverage: NCUA Officials Offer Bleak News on Finances

ALEXANDRIA, Va. -- There is a good chance that the reserves set aside for losses in the NCUSIF "won't be sufficient," to cover the losses at some of the large credit unions.

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May 19, 2010