News

DES MOINES, Iowa -- Rep. Bob Kressig (D-Cedar Falls) and a board member at Veridian Credit Union has been appointed chairman of Iowa's Financial Services Subcommittee, which considers all legislation regarding the state's credit unions and banks.

PORTSMOUTH, N.H. -- Service Credit Union is sending a strong message that it continues to support those employees who serve in the National Guard and Reserve.

WASHINGTON -- The $13.4 billion that will be paid out to Chrysler and General Motors over the next month is a small down payment, CUNA Chief Economist Bill Hampel said.

WASHINGTON - Federal credit unions and other credit card issuers would be banned from charging interest on repaid debt under regulations approved today by the NCUA and two other regulatory agencies.

LANSING, Mich. -- The new "Invest in America" auto financing program unveiled by the Michigan Credit Union League and a CUNA-linked CU consortium becomes "all more important now" to CUs in light of the automaker's extraordinary month-long plant shutdown.

ALEXANDRIA, Va. -- NCUA's top financial official said today if the National Credit Union Share Insurance Fund could end the year with a loss.

ALEXANDRIA, Va. -- NCUA Chairman Michael E. Fryzel said yesterday that any program to buy bad mortgages from credit unions should not be financed by the NCUSIF, but by the Treasury Department's Troubled Asset Relief Program.

SAN FRANCISCO -- After 15 months of groundwork and NCUA's approval, Credit Union Health Benefits of America, a new health plan nonprofit mutual benefit corporation, will make its debut in early 2009.