News

BY SARAH SNELL COOKE CU Times Senior Washington Reporter

Last summer national attention was riveted on the since-doomed move to convert the $1.8 billion DFCU Financial of Dearborn into a mutual savings bank, but today the state's largest CU once again has a high profile, except it's now centered on Michigan's troubled economy and a people helping people message.

William Brooks, the former CEO of the $319 million Lafayette Federal Credit Union, is taking the offensive in his legal fight with his previous employer, arguing in court documents that the credit union's complaint amounts to a nuisance lawsuit meant to stifle free speech.

It's a good time to be a corporate credit union if you're a corporate credit union that likes liquidity.

The World Council of Credit Unions has been asked by the Chinese government to lead an effort in one of the country's poorest provinces to improve and develop rural credit cooperatives, the Chinese term for credit unions.

Continental Federal Credit Union is applauding NCUA's statement sent earlier today deeming the $200 payments that Wings Financial Federal Credit Union is offering "impermissible" under the Federal Credit Union Act.