Credit Union Times | Accurate and Timely CU News

SEC Says California IOUs May be Treated as Securities

By Michelle A. Samaad

The SEC said California's IOUs are indeed securities and holders and buyers of the registered warrants are protected by the provisions of the federal securities laws that prohibit fraud in the purchase or sale of securities.

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ABC News Report Compares CU, Bank Overdraft Fees

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Obama to Meet with Pope after Pontiff's Praise of Credit Unions

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July 09, 2009

In Shakeup, Memphis Area Teachers Cuts Five Management Jobs, Seeks CEO

On the heels of a sweeping management shakeup, Memphis Area Teachers Credit Union confirmed Friday it is conducting a search for a new CEO as it puts behind "paper" investment losses from last year and finds itself on a profitable path in 2009.

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July 08, 2009

White Paper Explores Organic Member Growth

The CUNA Marketing and Business Development Council has published a white paper that examines how credit unions can grow organically rather than through mergers.

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July 08, 2009

'Youth Enthusiasm' Still Up, Says NYIB as Deadline Nears

So far, the national recession has failed to put a damper on credit union enthusiasm for young adult innovations based on educator presentations at this year's National Youth Involvement Board conference meeting next month, the NYIB said Thursday.

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July 08, 2009

Hold or Sell Mortgages? CU Economists Disagree

NAFCU's Tun Wai and CUNA's Steve Rick both understand why credit unions are booking more mortgages: secondary market prices are deeply discounted, and consumer loans not only bring credit risk, demand for them is low, too.

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July 08, 2009

Frank Introduces Measure to Create Consumer Agency

House Financial Services Committee Chairman Barney Frank has introduced a bill containing the Obama administration's proposal to create a new agency to regulate financial products.

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July 08, 2009

House Panel Approves CLF Hike

The House Appropriations Committee approved a $24.1 billion spending bill that includes a provision giving the Central Liquidity Facility about $40 billion in borrowing authority, which will not be subject to a cap.

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July 08, 2009