News

After peaking at $216 billion in March, surplus funds dipped in May as member loan demand outpaced deposit inflows, according to CUNA Mutual Group's latest Credit Union Trends Report.

How much do members really care about credit union name changes? Like last winter's "Optiva" flap at the $575 million University of Iowa Community Credit Union.

The $1.1 billion Polish & Slavic Federal Credit Union will distribute almost $300,000 among almost 200 high school graduates and current college student members as part of its annual scholarship program, the CU said.

Co-sponsorship of the Credit Union Regulatory Improvements Act (H.R. 1537) is racing toward the 125 the legislation topped out at last Congress.

Other reactions have begun to flow in to the Coalition for Credit Union Charter Options suit against the NCUA's charter change regulations. CCUCO is an organization led and advised by bankers which claims to have member credit unions, but which has never released the number or names of those institutions.

JoAnn Johnson, chairman of the NCUA Board, said she was disappointed, but not surprised by a suit filed by the Coalition for Credit Union Charter Options seeking to roll back years of NCUA regulations regarding the disclosures and voting procedures regarding credit union to bank charter change votes.