News

Members United Corporate Federal Credit Union and the Central Credit Union Fund received approval from the Massachusetts Division of Banks to merge.

Ruling on a complaint brought by the state banking department, a state court Tuesday barred Advance America, the nation's largest payday lender, from offering its $500 "Choice Line of Credit" requiring a $149.95 monthly "participation fee" and 5.98% interest rate.

CUNA's lead Democratic lobbyist Dean Sagar will be leaving the organization at month's end.

Andy Napoli has been named CUNA Mutual Group senior vice president of consumer products and head of the company's Consumer Insurance business unit.

If you can't beat 'em, buy 'em.

The Washington Credit Union League has emphasized four issues it still has with the Department of Financial Institutions' proposal on private deposit insurance that it generally supports.