News

If standing room only is any indication, human resources professionals attending CUNA's HR/TD Council Summit are very concerned about labor law. Nearly half of all 200 attendees crowded into a mini-workshop this morning to hear Palo Alto, California-based attorney Mary LaVigne-Butler discuss current labor law issues.

In the fiercely competitive financial marketplace, credit unions may not only need protection from unsolicited takeovers from other credit unions, but also banks and other nontraditional competitors, said Bill Cheney, president/CEO of the California and Nevada Credit Union Leagues.

Two of the credit unions approached by Wings Financial Federal Credit Union about a possible merger are relieved that NCUA's ruling essentially stopped the industry's first unsolicited takeover, but they both remain cautiously optimistic.

In its first co-op ad blitz, the Montana Credit Union Network said this week it has launched its own version of "Bob Credit Union Guy" branding campaign on TV and radio stations across the state.

Credit union leaders are widely known for their open dialogues, but should those forums get lost, it may open the door for more "unsolicited" merger attempts.

Co-sponsorship for the Credit Union Regulatory Improvements Act continues to grow and more are waiting in the wings.