News

Because the Obama administration and congressional leaders are coordinating their agendas on financial services issues, credit unions and their lobbyists are having to work hard to play defense, NAFCU Executive Vice President B. Dan Berger said today.

The $14.5 billion Vancity, Canada's largest credit union, said it will sell its subsidiary that offers business, home, auto and travel insurance to The Co-operators, a Canadian cooperative.

Lee Butke, president/CEO of the $4.2 billion Corporate One Federal Credit Union, said the question of raising paid-in capital is a serious one that deserves serious debate. The verdict in his Columbus, Ohio board room? Too risky, Butke said.

NATIONAL HARBOR, Md. -- Invoking the words that soothed Britain during World War II, NAFCU President Fred Becker said today that if credit unions take advantage of the economic downturn, this will be seen as the movement's "finest hour."

The NCUA took control of New Hope Community Development Federal Credit Union in Birmingham, Ala. yesterday.

NAFCU has video advertisements available for member credit unions to use to promote their home finance products and services.