News

WASHINGTON -- Senate Majority Leader Harry Reid (D-Nev.) said today while there needs to be stronger regulation of financial services, he hopes Congress doesn't go too far and stifle innovation.

Western Corporate FCU's decision to reclassify part of its investment portfolio to available-for-sale could add some fuel to the PIMCO conflict-of-interest fire.

Senate Banking Committee Chairman Christopher Dodd (D-Ct.) said today he hopes that the bill which includes money to create a corporate credit union stabilization fund will be voted on by the full Senate next Tuesday.

Through a new partnership between Credit Union Resources, an affiliate of the Texas Credit Union League, and New Benefits Ltd., members will now have access to discounts on health-related items.

Not all California credit unions are losing money.

Credit unions in Texas border towns were going to extra lengths Thursday with distribution of hand sanitizers, disinfectant wipes and cans of Lysol to even take home to protect employees against coming down with the swine flu.