News

WASHINGTON - Tightening liquidity fueled by decreasing member deposit growth and increasing loan demand has heightened credit unions' vulnerability to balance sheet risk. The secondary market, offered Callahan & Associates in a recent Webinar, is positioned to help CUs mitigate that risk while giving them the opportunity to increase liquidity.

There were a few key conferences held recently and Credit Union Times was there to provide on-site coverage. See conference coverage on pages 26-27 and page 50.

Credit unions are still waiting for full-blown image exchange to take off, but many are finding substantial cost savings in forwarding items electronically. Pages 22-24.

HARRISBURG, Pa. - The Pennsylvania Credit Union Association Board of Directors has re-elected its chairman and vice chair.

SAN DIEGO - Automated clearinghouse payments were up 16.2% in 2005 over 2004 to nearly 14 billion transactions, NACHA recently reported.

LAYTON, Utah - Credit union trade groups have known for some time that key industry bills are dead for this session in Congress, but that message also got delivered by a Utah Congressman to the Utah League of Credit Unions at its annual meeting convened here last week. "Nothing will...