News

Rallying to defeat "anti-credit union" bills allowing banks to purchase CUs, the Virginia Credit Union League said today it expects a crowd of 350 to show up in Richmond to meet with lawmakers.

The National Foundation for Consumer Counseling said today that it has signed up more than 150 credit unions nationwide for its enhanced locator service to put counseling agencies in touch with consumers routed through CUs.

When it came to raising or lifting the cap on member business loans for credit unions, President Obama said nothing in last night's State of the Union speech.

The region between Washington and Baltimore Md., where the $2 billion Tower Federal Credit Union's 118,000 member base is located, has several qualities that may make it ideal for stronger economic growth this year.

Twenty-six organizations are the latest additions and renewals to the Minnesota Credit Union Network's vendor involvement program.

Saying that while "economic activity has continued to strengthen," but the "pace of economic recovery is likely to be moderate for a time," the Federal Reserve today announced it was keeping interest rates unchanged.