News

As part of its annual charity golf tournament, PSCU Financial Services, the nation's largest CUSO, raised more than $11,000 for Phoenix Children's Hospital. The tournament is held in conjunction with PSCU's annual Member Forum, which was held during late April in Williamsburg, Va.

Co-sponsors continue to pile on to the Credit Union Regulatory Improvements Act (H.R. 1537) as lobbyists say a hearing is expected.

Something had to be done about the subprime real estate market and last week, trade associations and Congress reacted.

Harland Financial Solutions' new Deposit Benchmarking Database was used by Aite Group to assess the deposit performance of a number of credit unions, thrifts and banks ranging in size from $100 million to $50 billion. Among the think firm's findings was the considerable impact of small businesses on deposit growth....

Last week, the House passed the Federal Housing Finance Reform Act of 2007 (H.R. 1427)--better known as the GSE bill--by a vote of 313-104.

Following arguments over bylaws between members and management of credit unions considering mutual savings bank conversions, NCUA's policy of relying on the state court system to clear things up proved to be less than desirable. As a result, NCUA is seeking to re-incorporate the Federal Credit Union Bylaws into its...