News

Credit unions and community banks were featured in a July 8 ABC News segment for charging lower overdraft fees than bigger, national banks.

President Obama is scheduled to have an audience with Pope Benedict XVI today, three days after a papal encyclical praised the work of credit unions.

On the heels of a sweeping management shakeup, Memphis Area Teachers Credit Union confirmed Friday it is conducting a search for a new CEO as it puts behind "paper" investment losses from last year and finds itself on a profitable path in 2009.

The CUNA Marketing and Business Development Council has published a white paper that examines how credit unions can grow organically rather than through mergers.

So far, the national recession has failed to put a damper on credit union enthusiasm for young adult innovations based on educator presentations at this year's National Youth Involvement Board conference meeting next month, the NYIB said Thursday.

NAFCU's Tun Wai and CUNA's Steve Rick both understand why credit unions are booking more mortgages: secondary market prices are deeply discounted, and consumer loans not only bring credit risk, demand for them is low, too.

House Financial Services Committee Chairman Barney Frank has introduced a bill containing the Obama administration's proposal to create a new agency to regulate financial products.

The House Appropriations Committee approved a $24.1 billion spending bill that includes a provision giving the Central Liquidity Facility about $40 billion in borrowing authority, which will not be subject to a cap.