Credit Union Times | Accurate and Timely CU News

LPL Provides Further Explanation of XCU Capital 'Shell' Purchase

By Michelle A. Samaad

SAN DIEGO -- At the time when credit union broker-dealer XCU Capital Corp. merged with LPL Financial Corp last August, it had the option of closing down its "shell" or selling it. The CUSO said it was approached by $15 billion State Employees' Credit Union and the deal was finalized...

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May 08, 2008

SBA's Patriot Loans Top $135 Million

WASHINGTON -- On the eve of National Military Spouse Day, the Small Business Administration said today that nearly 15% of its Patriot Express loans have gone to the husbands and wives of those who are serving or have served in the military.

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May 08, 2008

New Player Enters CU Prepaid Card Market

INDIANAPOLIS -- A new player has entered the credit union prepaid and payroll card market.

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May 07, 2008

Coalition a 'Stalking Horse' For Banks, Association's Argue

RICHMOND, Va. -- A joint CUNA and NAFCU legal brief supporting NCUA in its legal case against the Coalition For Credit Union Charter Options charges the organization is a "stalking horse" for banks.

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May 07, 2008

NY League Lobbies For State and Local Government Deposits

ALBANY, N.Y. -- State and local governments should have the option to deposit their money in credit unions, lobbyists and credit union officials told lawmakers this week.

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May 07, 2008

CUs Have New Resource For Complying With Federal Credit Law

WASHINGTON -- Credit unions working to comply with the new federal law on identity theft protection can get help from a free Web site launched Wednesday by Wolters Kluwer Financial Services.

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May 07, 2008

HSAs Still On The Rise

WASHINGTON -- A recent census release by America's Health Insurance Plans finds that more than 6.1 million Americans are covered by Health Savings Account-eligible insurance plans, representing a 35% increase since last year.

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May 07, 2008