News

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.

The $195 million Mutual Savings Credit Union, which underwent Alabama conservatorship last July, has a new president/CEO-Douglas Key, a Pelham, Ala. attorney.

CUNA's political action committee has more than $700,000 in its coffers and NAFCU's PAC has more than $144,500, according to reports filed with the Federal Election Commission last month.

Under fire for the July 31 conservatorship of the $193 million Mutual Savings Credit Union, Alabama's