News

WASHINGTON -- NCUA Chairman Debbie Matz and NASCUS Chairman Thomas Candon told lawmakers today that any effort to consolidate banking regulators should keep NCUA separate and independent.

Credit unions will be able to help credit-deprived businesses if the cap on member business lending is lifted and if certain SBA lending programs were modified.

The $475 million First Citizens' Federal Credit Union announced it has started a new checking/savings product recognizing law enforcement, firefighters and emergency personnel, called "Champions."

Although the economy is expected to improve, credit unions still face several years of difficulties as a result of the residual effect of the recession, NCUA Chairman Debbie Matz said in testimony prepared for delivery to a Senate subcommittee.

Responding to the heightened attention on flu outbreaks, CUNA Mutual Group has stepped up its warning notification process to credit unions issuing a new "RISK Alert" last week as a reminder on employee absenteeism affecting operations and member service.

To mark International Credit Union Day the U.S. Credit Union Development Educators and World Council of Credit Unions will launch a special Webcast entitled Celebrating Our Heritage with WOCCU President/CEO Pete Crear.