News

Mark Cummins, president/CEO of the Minnesota Credit Union Network, is among the growing chorus of industry leaders urging for the lift of the 12.25% of assets member business lending cap.

Albert Gonzalez, the hacker whose electronic thievery cost credit unions and other card issuers millions of dollars when he hit the card processor Heartland Payment Systems, received a sentence of twenty years and a day for the Heartland hack attacks.

President Obama signed legislation late Friday that would extend enhancements for the SBA's two largest loan programs that is estimated to support nearly $1.4 billion in small business lending.

While Congress is out of session for a two-week Passover/Easter recess, CUNA and NAFCU are using the period to have their members lobby lawmakers on key issues facing credit unions.

Ambac Assurance Corporation announced it restructured its residential mortgage backed securities guarantees into a separate "segregated account" after the Wisconsin Insurance Commissioner successfully petitioned to take control of the fund.

The U.S. Justice Department has sided in favor of a credit union locked in a legal battle against its state.