News

Lawyers representing nationwide shared branching networks are working with CUNA lawyers to respond to a recent move from the Internal Revenue Service that could make income from shared branching taxable under unrelated business income tax.

Revenues from shared-branching arrangements are among the items subject to the unrelated business income tax, according to an IRS technical advice memorandum.

The NCUA will hold a webinar Monday to provide background information about recent changes to CLF's investment policy and pending transfer of CLF stock ownership from U.S. Central FCU to other credit unions.

Border Federal Credit Union in Del Rio, Texas, is now using integrated branch capture and document imaging from Integrated Bank Technology.

Seattle-based Prime Alliance Solutions has teamed with the $13 billion Pentagon Federal Credit Union to form Prime Alliance Title LLC, a credit union-owned mortgage title insurance company.

Hanscom FCU showed its ongoing commitment to supporting U.S. service members by sponsoring a Heroes Homecoming at Hanscom Air Force Base, Mass.