News

The applications that low income credit unions will have to fill out to participate in the U.S. Treasury's Community Development Capital Initiative will only be two pages long, according to NCUA and Treasury officials.

If and when the Federal Reserve gets around to requiring financial institutions to notify their customers at an ATM that they are about to overdraw their account, at least one ATM manufacturer says it will be ready.

Plagued with losses and the inability to turn a profit, the $851 million Arrowhead Credit Union said it has sold its insurance subsidiary, Sawyer Cook Insurance.

President Obama has signed legislation that would extend the SBA's ability to provide higher guarantee levels through March 28 and fee waivers for 7(a) loans until Sept. 30.

National party committees and senior lawmakers on the committees that oversee credit unions are among the recipients of contributions from the political action committees of CUNA and NAFCU.

House Democrats set aside seniority today and chose Rep. Sander Levin (D-Mich.) to chair the Ways and Means Committee.