News

The California Credit Union League will meet with Governor Arnold Schwarzenegger on Feb. 7 to discuss ways to implement his new Bank on California program. However, thanks to the Golden State's current budget crisis, there will probably be little funding for the initiative if any at all.

One out of three Canadians is financially linked to a credit union but the numbers are not as strong when it comes to having their investment needs met. The January completion of a merger between Provincial Credit Union Centrals and Desjardins Group aims to change those numbers, however.

TOPEKA, Kan. -- Kansas credit unions were stepping up their lobbying of state lawmakers this week to fight off an attempt by the banking lobby to impose field of membership limits on state chartered CUs.

WASHINGTON -- The Securities and Exchange Commission said today it has created the Office of Collections and Distributions to expedite the distribution of more than $5 billion in SEC recoveries to injured investors.

LENEXA, Kan. -- A Bloomberg news report today claiming that U.S. Central Credit Union--the credit union for the nation's 8,400 credit unions--had fallen victim to the subprime losses that have spread through the country's credit markets like a plague is inaccurate said Executive Vice President Dave Dickens. "They've mixed up...

MADISON, Wis. -- Two major industry players were unanimously approved as associate members of the World Council of Credit Unions at a recent board of directors meeting.

ST. LOUIS -- Acknowledging the impact of the economy on small credit unions, the Missouri Credit Union Association, in an apparently unexpected move, said Tuesday it is looking to reduce dues next year.

ST. LOUIS -- Acknowledging the impact of the economy on small credit unions, the Missouri Credit Union Association, in an apparently unexpected move, said Tuesday it is looking to reduce dues next year.