News

The Senate Small Business and Entrepreneurship Committee is scheduled to hold a confirmation hearing tomorrow for Karen Mills to be the next administrator of the Small Business Administration.

The "iBelong" awareness campaign, launched in 2007 by the Pennsylvania Credit Union Association and now in two other states, is spreading next week to Vermont with a TV ad blitz being licensed by the Association of Vermont Credit Unions.

A research report from the Filene Research Institute proposed that credit union's should consider offering tax preparation services for more than just low income members or lower income communities.

Thursday's G-20 meeting could have implications for U.S. credit unions, said Dave Grace, World Council of Credit Union vice president of association services.

The chairman of Central States Mortgage Co. said the firm, which filed for bankruptcy last week, produced "years of very good earnings for many small Wisconsin credit unions, a fact that should not be overlooked."

CUNA General Counsel Eric Richard said today the association won't file a suit challenging NCUA's decision to place U.S. Central Federal Corporate Credit Union and Western Federal Corporate Credit Union into conservatorship.