News

The Pennsylvania Credit Union Association's 73rd Annual Meeting being held here in Chocolatetown, U.S.A opened with a hilarious parody of Ebert & Roeper, with one as a credit union guy, the other a banker.

As the case across the country, the housing market continues to be a source of concern for Georgia and credit unions are being urged to educate members more.

While the number of credit unions and members in 2006 were roughly the same as in 2005, Georgia is poised to do more going forward.

Two more members have added their names to the burgeoning list of co-sponsors for the Credit Union Regulatory Improvements Act (H.R. 1537) with more to come, according to CUNA.

Federal Reserve Chairman Ben Bernanke spoke yesterday about the problems in the subprime mortgage market, rising foreclosures and possible regulatory responses in a speech at the Chicago Federal Reserve Bank here.

The ability of credit unions to provide international remittance services to immigrants in the U.S. benefits the immigrants, their families in their home countries and the credit unions themselves, explained CUNA Vice President David Grace before a subcommittee of the House Financial Services Committee.