Credit Union Times | Accurate and Timely CU News

Merchants Starting to Target Financial Service Members on Interchange

By David Morrison

Retailers working to cut or cap credit and debit card interchange are shifting their efforts from members of the House Judiciary Committee to members of the House Financial Services Committee.

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Senate Panel May Consider Raising NCUA Borrowing Authority

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Card Purchasing CUSO Hopes CUs Haven't Lost Appetite for Card Investing

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March 29, 2009

Some Credit Unions Reopen Briefly in Fargo Flood Zone

The forecast of a big snow storm tonight in flood-weary Fargo, N. D. put a temporary damper on credit union operations retaining to normal as some CUs reopened their branches to take care of month-end ACH and social security transactions.

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March 29, 2009

New York CUs Begin Merger Talks

North Shore LIJ Health System Federal Credit Union, LIJ Employees Federal Credit Union, and Hillside Hospital Federal Credit Union have expressed an interest in exploring a possible merger of the three credit unions.

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March 29, 2009

Obama Offers Aid Plan for Auto Industry

The automobile industry will be getting some tough love, including additional restructuring and layoffs and possible bankruptcy filings, as part of the rescue plan unveiled today by President Obama.

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March 29, 2009

Public, Private Alliances Help Map 'Silver Bullet' Path

The recent unveiling of the Treasury's public-private investment program could be yet another way to help boost investors' confidence, according to MEMBERS Capital Advisors.

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March 29, 2009

Fryzel Wants NCUA to Have $30 Billion in Borrowing Authority

NCUA Chairman Michael E. Fryzel today asked Congress to give his agency the $30 billion in emergency borrowing authority from the Treasury Department.

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March 29, 2009

Central States Files Bankruptcy Petition

A Milwaukee judge could rule today on a state bankruptcy petition filed by Central States Mortgage Co., the Wauwatosa, Wis. CUSO, that abruptly halted mortgage originations and closed down operations March 9.

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March 26, 2009