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DoD Releases Final Consumer Lending Rule, Substantially Similar to Proposal

By Sarah Snell Cooke

The Department of Defense has released its final regulation capping interest rates--and creating a new Military APR--at 36% on payday loans, vehicle title loans, and tax refund anticipation loans.

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WOCCU Trip Giving Rosenthal a Chance to Feed Russian Roots

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Myklebust Says NCUA 'Calling Shots' on Norlarco

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August 30, 2007

Myklebust Says NCUA 'Calling Shots' on Norlarco

Colorado Commissioner of Financial Services Chris Myklebust said today, "NCUA is calling the shots" on when and if the agency would start a bidding procedure in spinning off the troubled $400 million Norlarco Credit Union of Fort Collins now in a so-called "daylight conservatorship."

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August 30, 2007

Bellco Makes Bold Play for New Horizons Members

In a new twist to NCUA's takeover of two Colorado credit unions, the state's largest, the $1.5 billion Bellco Credit Union, is waging a bold media bid this month to woo former New Horizons Community members to switch institutions.

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August 30, 2007

DOL FCU Raised Most Funds for Cherry Blossom Run, Other Awards Presented

Winners of the various challenges associated with the annual Credit Union Cherry Blossom 10-Mile Run in Washington, D.C. were presented their awards recently.

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August 30, 2007

PSCU Rolls Out Program to Help CUs Look for Members Early

PSCU Financial Services, the card processing and payments CUSO for over 500 credit unions which use the First Data Corp. card platform, is rolling out a new effort that is aimed at helping member CUs develop people, as young as age 12, as CU members.

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August 30, 2007

'Greenhouse' Serves as Fertile Ground for New Product Ideas

Credit unions with ideas that could potentially lead to the development of new products are invited to share them at The Greenhouse, a new Web site from CUNA Mutual Group.

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August 29, 2007