News

WASHINGTON-Bankruptcy filings surged in the weeks leading up to the Oct. 17 effective date of the Bankruptcy Abuse Prevention and Consumer Protection Act, but lenders expect the long-term benefits to outweigh the initial spike. On April 14, the House passed the bill 302-126 after the Senate had already approved it...

2005 marked the loss of remarkable credit union leaders. Credit Union Times honors those who died in this listing. We regret any leaders who passed that we may have missed. Richard Flynn, former CUNA Credit Union CEO died at the age of 86. The credit union's second CEO, Flynn spent...

MADISON, Wis. - CUNA Mutual endured one of its most bitter battles with its union ever in 2005. For over a year, the company and the Office of Professional and International Employees Local 39 sparred over a new collective bargaining agreement. The battle was very public. It included picketing at...

WEST PALM BEACH, Fla. - With predictions of a Health Savings Account (HSAs) boom in 2006, opportunity has been knocking for credit unions to get in on this potential revenue maker early. HSAs are tax-free savings accounts that can be used to pay for medical expenses including prescription and over...

Tis the Season for the Industry to Celebrate With this the last issue of the year for Credit Union Times, our staff contacted its sources to find out just how they plan to celebrate the holiday season. Some organizations hold lavish holiday parties, while others prefer smaller affairs. Of course,...

SAN FRANCISCO - The environment in which credit unions conduct their card business began to significantly change in 2005, but it remains unclear what the changes will likely mean. Both Visa USA and MasterCard announced that they would no longer be associations of card issuing financial institutions and would instead...