News

Discussing a hearing that took place last week in a subcommittee of the House Judiciary Committee, CUNA Vice President of Legislative Affairs Dean Sagar said the time is not right yet to measure the effect of the credit union supported Bankruptcy Abuse Prevention and Consumer Protection Act.

NAFCU Services Corporation President David C. Frankil announced that Kelly Nicklas has become the organization's director of marketing effective April 30.

John Schooler is back in the credit union fold.

Six more lawmakers signed up to co-sponsor the Credit Union Regulatory Improvements Act (H.R. 1537) recently, bringing the total up to 68.

Five years ago, the attitude of many credit unions toward their credit card portfolios resembled that of some farmers toward their cattle. The farmers turned the animals loose on acreage and, as long as the fences were mended and there was plenty of water, more or less forgot about them...

Five years ago, TNB Card Services, the card management and now purchasing arm of credit union-owned Town North Bank, was among the staunchest opponents of credit unions selling their credit card portfolios to banks. No longer. Times, as they say, have changed.