News

In a move to cut costs and reduce duplication for member credit unions, the Montana Credit Union Network convened this week for its first-ever system-wide conference for corporates, CUSOs and service firms under a new umbrella designation.

NAFCU says it looks forward to continuing its work with the Small Business Administration and recently gave props to the agency for wanting to get feedback on its Draft Fiscal Year 2008-2012 Strategic Plan.

Rita Haynes, immediate past chairman of the National Federation of Community Development Credit Unions and a long time leader among community development credit unions, has been recognized as one of the "hardest working" by an nationwide ABC radio program.

James Freis, director of Treasury's Financial Crimes Enforcement Network, outlined earlier today the various uses of information gleaned from suspicious activity and currency transaction reporting.

The Treasury Department and the Internal Revenue Service announced today a Dec. 31, 2008 deadline to bring documents into compliance with the final nonqualified deferred compensation regulations under section 409A of the Internal Revenue Code.

In a move that could free up the remaining $32 million dollars due to credit unions, banks and others defrauded in a certificate of deposit Ponzi scheme, a Philadelphia district court recently denied a new motion filed by the defendants to overturn the $32 million verdict.