News

Credit unions and the IRS are gearing up for post-trial briefs, due Feb. 1, following the close of oral arguments last Friday in the case challenging the IRS' interpretation of unrelated business income tax.

At the end of the third quarter, 156 credit unions with assets over $1 billion held 34% of all of the movement's membership, according to industry data.

NCUA regulation, not GAAP accounting standards, require corporate credit unions to eliminate retained deficits by impairing capital, said Scott Waite, a credit union executive.

Examiners for the NCUA again will present a session on compliance during the annual conference of the Credit Union Information Security Professionals Association set for Feb. 8-10 at the Hyatt Regency in Austin, Texas.

Has Southeast Corporate Federal Credit Union chosen a successor for retiring CEO Bill Birdwell?

Vons Credit Union is looking to lead the green movement in El Monte, California by example.

Days after emergence from Chapter 11 bankruptcy, CIT Group Inc. said today it has taken the first step in its $500 million commitment to small businesses by waiving its $1,000 fee on SBA 7(a) loan applications.

Credit union credit card programs received a national push on Larry King Live on Dec. 10 when noted consumer advocate Suze Orman promoted the cards and the low interest rates at federally chartered credit unions.