News

American consumers are far more likely to recommend a credit union than most of the nation's big banks, according to a new report from Forrester Research.

The Association of Corporate Credit Unions will survive, said Chairman Steve Roy today.

When it comes to credit unions and public funds legislation, it's been a mixed bag so far this winter with Oregon Gov. Ted Kulongoski ready to sign a milestone industry bill any day that will enable CUs to bid on municipal funds above $250,000.

NAFCU President/CEO Fred Becker downplayed the importance of U.S. Central's fourth quarter $500 million OTTI announcement, which partially impaired the NSUCIF's $1 billion capital note, calling it "nothing new."

Embattled Rep. Charles Rangel (D-N.Y.) said today he is taking a leave of absence from his post as chairman of powerful House Ways and Means Committee, in the wake of having been admonished by the Ethics Committee.

For its efforts with a project that helped 3,520 employees at 80 Wisconsin credit unions better train to offer members investing and saving resources, the state's cooperatives will receive the Governor's Financial Literacy award.