News

The $51 million Alternatives Federal Credit Union's CEO, Bill Myers, is retiring and the 28 year old CU's board, staff and supporters have planned a celebration and roast for Myers, as well as starting a youth internship program which will bear his name and a Weblog devoted to collecting memories...

The Small Business Administration recently defended its zero subsidy enacted two years ago, saying the transition has not led to a decline in the agency's 7(a) lending program.

Kansas credit unions are girding for a new round of bank attacks on field of membership, branch expansion and charter conversions coming this summer as part of a legislative "study" initiative being pushed by an influential Kansas banker/lawmaker.

A newly-revamped TV ad campaign launched last month by the Maine Credit Union League now has new urgency for CU advocacy "considering the competition we're facing from Internet providers and outsiders like insurance firms," the head of the league's ad committee said Monday.

The branch of the $120 million Mid American Credit Union that was among the 95% of the town of Greensburg which was wiped out by a killer tornado on the night of May 4 was not a stand-alone structure with a staff, according to the CU's marketing director.

The House Financial Services Committee legislative assistants will be getting an earful on credit union to mutual savings bank conversions at a briefing later this week.