News

The University of Missouri-Kansas City has a new $40,000 endowment thanks to Mazuma Credit Union.

WASHINGTON - The next couple of years may be when credit unions will begin to ask their members to take a more active role in preventing card fraud, according to Visa and other executives attending Visa's Global Card Security Summit.

Credit union CEOs representing CUNA and NAFCU today urged lawmakers to increase the NCUSIF's borrowing authority with the Treasury Department to $100 billion and allow the CLF to lend to corporate credit unions.

ALEXANDRIA, Va. - Despite the market's volatility and three credit union failures last month, the NCUSIF's equity ratio stayed at 1.28%, NCUA Chief Financial Officer Mary Ann Woodson told the NCUA Board today.

Representatives of CUNA and NAFCU today urged lawmakers to be cautious before enacting legislation to revamp the rules regarding credit cards because going too far could hurt credit unions and limit consumer access to credit.

WASHINGTON -NCUA Chairman Michael E. Fryzel told a Senate panel today that credit unions are "unique and distinct institutions that require a unique and distinct regulator."