News

A recent survey of bank loan officers conducted by the Federal Reserve suggests that credit unions are still likely to find themselves the only lenders to even some of their most credit worthy members.

NAFCU has written a letter to U.S. Senators about one of the amendments to the Restoring American Financial Stability Act of 2010 that has drawn little attention, a measure that would cap ATM fees at fifty cents per transaction.

In a move rarely seen in the industry, Anheuser-Busch Employees' Credit Union has signed an agreement allowing it to serve the retail and business customers of Stifel Bank and Trust.

The chairman of the NCUA would be included in the council of regulators that could make decisions on systemic risk and hear appeals of rules by the new consumer financial regulator if an amendment sponsored by Sen. Susan Collins (R-Maine) is approved.

Accounting firm Crowe Horwath put an asterisk on its audit approval of Southwest Corporate FCU's 2009 annual report, and it wasn't the usual exception that member capital shares should be reported as liabilities instead of equity.

SBA Administrator Karen Mills announced today the agency is making low-interest loans available to Louisiana Gulf Coast small businesses suffering financial losses following the April 20 Deepwater BP oil spill.