News

Maine credit unions won high praise from the state's Governor John Baldacci, as well as from two U.S. Congressmen who spoke over the weekend at the 69th annual convention of the Maine Credit Union League.

During Pennsylvania Credit Union Association's 73rd annual meeting today, Sen. Robert Casey (D-Pa.) was presented with PCUA's prestigious Keystone Award.

Speaking at the Pennsylvania CU Association's 73rd Annual Meeting today, NASCUS President Mary Martha Fortney said that a plaintiff credit union to sue the IRS over its rulings on Unrelated Business Income Tax has been identified.

Diana Dykstra proudly and enthusiastically told attendees at Georgia Credit Union Affiliates' annual convention today that she is "obsessed with members."

For the past few years, Georgia has had the unwelcomed distinction of being ranked number one in the country when it comes to mortgage fraud.

Former credit union members have been among the victims of a stock fraud scheme involving 8 former credit unions that converted into banks, according to a complaint and plea agreement filed in Federal Court by the Securities and Exchange Commission and one of the defendants.

A Franklin County Circuit Court judge has set July 12 for oral arguments on a year-old suit brought by the Kentucky Bankers Association challenging credit union field of membership and common bond powers for "community based" CUs.

May 22 is the deadline for federally insured credit unions to post the new insurance logos at locations where "it normally receives funds or opens accounts."