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CUNA Board Adds Non-Voting ACCU Seat

By Staff Writer

In line with a recommendation from its Renewal Review Committee, CUNA members voted "overwhelmingly" in favor of a bylaw to add the chair of the Association of Corporate Credit Unions to CUNA's Board as a non-voting, ex officio member. CUNA reported in its online News Now news that ACCU Chairman...

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Utah Radio Station Airs CU/Bank Fight

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Sub S Tax Relief Legislation Introduced, ICBA Pleased

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IRS Offers More Details on Possible CUSO Tax Break

A state-chartered credit union with a majority stake in a CUSO will not owe unrelated business income tax on interest or rental income received from its CUSO under certain conditions.

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January 23, 2007

Lowest Ever Bank Deposit Drop Partly Due To High-Yield Investments

Consumers shifting away from traditional bank accounts to higher-yielding investments may be one of the reasons for the lowest level of bank deposits in the Federal Deposit Insurance Corp.'s 74-year history.

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January 23, 2007

Pennsylvania Sends Guidelines to Mortgage Lenders and Brokers

The state's 3,000 mortgage lenders and brokers have been informed of new conduct guidelines via a letter from Acting Banking Secretary Victoria A. Reider.

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January 23, 2007

Privacy, Incidental Powers, MBL Regs Up for Review in 2007

NCUA has announced its 2007 Regulatory Review List of rules it will review for possible additional flexibility or being obsolete.

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January 23, 2007

Las Vegas Car Dealers' Negotiation Resistance Helps Clark County CU's Auto Buying CUSO Build Successful Out-of-State Alliances

Local car dealerships here have caught on to Members Auto Brokerage and some may not appreciate how it might be cutting into their profit margins.

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January 23, 2007

Bacino: Credit Unions Not Using FHLBs as Much as They Could

Federal Housing Finance Board Member Geoff Bacino, a former NCUA Board member, expressed his hopes that credit unions will take greater advantage of what the Federal Home Loan Banks have to offer.

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January 23, 2007