News

The $8.9 billion Members United Corporate Federal Credit Union didn't include any shockers in its July 2009 financial statements, released earlier today.

Saying that he has put his "whole heart and soul into the credit union movement" and wants to move to the next chapter of his life, CUNA President/CEO Dan Mica announced today that he will step down as of January 2011.

Members of Eastern Financial Florida Credit Union will soon be able to open deposit accounts and apply for loans over the phone thanks to its merger partner Space Coast Credit Union.

House Ways and Means Committee Chairman Charles Rangel amended his financial disclosure report to include an account at Congressional Federal Union worth at least $250,000.

NCUA Chairman Deborah Matz and the heads of NAFCU and NASCUS praised the accomplishments of CUNA President/CEO Dan Mica, who earlier today announced he would step down from CUNA at the end of 2010.

Of the 170 intermediaries in the SBA's micro loan program, only two credit unions are currently involved. The agency said it is working hard to increase those numbers.