News

America's Community Bankers wrote the authors of the Compete Act of 2007 (H.R. 1508) to express support for the bill that would improve Section 404 of the Sarbanes-Oxley Act.

Two members of the $319 million Lafayette Federal Credit Union have submitted petition signatures to the CU to become candidates for the board in the next board election.

BY SARAH SNELL COOKE CU Times Senior Washington Reporter

Last summer national attention was riveted on the since-doomed move to convert the $1.8 billion DFCU Financial of Dearborn into a mutual savings bank, but today the state's largest CU once again has a high profile, except it's now centered on Michigan's troubled economy and a people helping people message.

William Brooks, the former CEO of the $319 million Lafayette Federal Credit Union, is taking the offensive in his legal fight with his previous employer, arguing in court documents that the credit union's complaint amounts to a nuisance lawsuit meant to stifle free speech.

It's a good time to be a corporate credit union if you're a corporate credit union that likes liquidity.