News

The Wisconsin Credit Union League has stepped up its criticism of banks that have stonewalled attempts to attach an amendment to a bill that would raise the member business lending cap.

When the Obama administration begins implementing the regulatory overhaul bill it will improve or eliminate some existing regulations, not just create new ones, according to Treasury Secretary Timothy Geithner.

Since the beginning of the year, businesses with 50 to 499 employees have improved the most when it comes to paying their bills on time, according to Experian.

Credit unions that have been recognized as community development financial institutions and those that have been judged viable by the NCUA have begun receiving money under the Community Development Capital Initiative.

Legacy Member Services, an Alabama-based check product provider, and PSCU Financial Services have formed an alliance to refer small business checking services and other solutions.

The NCUA placed Family First FCU into conservatorship last night and said its problems stemmed from difficulties with its loan portfolio.