Credit Union Times | Accurate and Timely CU News

Fed Survey Suggests Banks Still Not Lending to Card Holders

By David Morrison

A recent survey of bank loan officers conducted by the Federal Reserve suggests that credit unions are still likely to find themselves the only lenders to even some of their most credit worthy members.

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NAFCU Lobbying Against ATM Fee Amendment

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Anheuser-Busch Employees' CU to Serve Bank Customers

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May 05, 2010

Senators Sponsor CU Amendments on Reg Restructuring

The chairman of the NCUA would be included in the council of regulators that could make decisions on systemic risk and hear appeals of rules by the new consumer financial regulator if an amendment sponsored by Sen. Susan Collins (R-Maine) is approved.

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May 05, 2010

Auditor Doubts SW Corp's 'Ability to Continue'

Accounting firm Crowe Horwath put an asterisk on its audit approval of Southwest Corporate FCU's 2009 annual report, and it wasn't the usual exception that member capital shares should be reported as liabilities instead of equity.

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May 05, 2010

SBA Offers Disaster Loans to Oil Spill-Impacted Businesses

SBA Administrator Karen Mills announced today the agency is making low-interest loans available to Louisiana Gulf Coast small businesses suffering financial losses following the April 20 Deepwater BP oil spill.

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May 05, 2010

Wisconsin CU Emerges From State Conservatorship

Prime Financial Credit Union of Cudahy, Wis., once considered a failed CU, is back on its feet "as an independent" organization returning to normal operations.

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May 04, 2010

Cheney Sees One CU Voice in Movement's Future

Though emphasizing that the decision must ultimately made by people in the credit union movement, CUNA President/CEO-designate Bill Cheney said today he believes there should be one voice for credit unions.

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May 04, 2010

Citigroup $200 Million CDFI Pact Aids Small Biz

Limited community development financial institutions are among those eligible to work with a new Citigroup $200 million fund to help small businesses in low and moderate income communities.

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May 04, 2010