News

Remote deposit capture adoption continues apace in the credit union industry.

In line with a long-standing disaster practice, CUNA Mutual Group is giving a payment break to Tennessee policy holders who are victims of the flooding nearly three weeks ago.

Several hundred tracked collateral protection insurance credit union accounts were recently transitioned from CUNA Mutual Group to State National Companies, CUNA Mutual said today.

Acknowledging internal political risks by endorsing a Republican, the Michigan Credit Union League said Friday it is formally supporting the GOP's U.S. Rep. Pete Hoekstra in his bid for governor.

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.

NCUA Deputy Executive Director Larry Fazio told the Board yesterday his team already has "solid estimates" on the size of corporate loss exposure and other corporate stabilization expenses, and is on target to recommend an assessment figure this summer.