News

CUNA and NAFCU have joined with the two largest banking trade associations in urging lawmakers to narrow the definition of remittance transfers.

For The Golden 1 Credit Union in Sacramento, Calif. e-statements offer not only a selling point to environment conscious California residents, but saved the credit union more than $1 million in paper and postage last year.

Within two weeks of Rep. Sander Levin's (D-Mich.), ascension to the chairmanship of the House Ways and Committee last month, the political action committees of CUNA and NAFCU each donated $1,000 to his campaign.

Later today, the $22 billion Western Corporate FCU will announce $25.4 in new OTTIs due to monoline insurer Ambac's declining ability to meet bond insurance claims, NCUA spokesman John McKechnie told the Credit Union Times.

A Miami Beach-based businessman and philanthropist was charged with fraud for conducting a $900 million Ponzi scheme where investors were sold securities that would fund his investment firm's grocery diverting business, the SEC said yesterday.

Credit unions' efforts to educate and work with youth were among the items mentioned in a resolution passed by the House yesterday honoring Financial Literacy Month.