News

CUES and WesCorp said today the Executive Finance & Economics Institute, scheduled for Feb.11-16, 2007, has been canceled. The two organizations are considering making modifications to the institute to make it more economically feasible for all credit union leaders, according to CUES. This may include condensing the materials to modify...

Constitution Corporate Federal Credit Union announced that Brian Terry, vice president IT/Operations, and Fred Marenna, operational systems supervisor, have received the Accredited ACH Professional designation from NACHA, the Electronic Payments Association. NACHA represents more than 12,000 financial institutions through direct memberships and a network of regional payments associations, and 650...

CUNA and NAFCU joined forces to run an advertising campaign in the major Capitol Hill newspapers in the wake of the release of the Government Accountability Office reports on credit union taxation and executive compensation and the independence of NCUA. Publications where it appeared last week included Roll Call, The...

Working off the recent federal cap on payday loans to military service members, the Center for Responsible Lending, Consumer Federation of America and National Association for the Advancement of Colored People have begun working to get as many states as possible to limit all payday loans to charging interest rates...

The Congressional and banking furor over Wal-Mart Stores' foray into retail banking hasn't dimmed the credit union march into striking deals for more of the in-store branches.

The Government Accountability Office's study on NCUA's independence as a regulator has not garnered the attention of the one on credit union service to those of modest means, but it too has a story to tell.

The NAFCU Board will make the trip to Washington again this year to visit with the governors of the Federal Reserve Board and talk credit unions.

The U.S. Department of Housing and Urban Development endorsed 6,375 reverse mortgages in July and 62,034 through the first 10 months of FY 2006. FHA endorsed 43,131 loans for all of FY 2005. Year-to-date totals represent an 85% increase over the 33,543 loans endorsed during the same period last year.