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WASHINGTON - California Congressman Bob Filner (D) defended the credit union tax exemption in a letter to the editor in The Hill newspaper. Filner also criticized House Ways and Means Committee Chairman Bill Thomas (R-Calif.), for his interest in looking into the credit union tax exemption to see if it...

NEW YORK - The United Nations Federal Credit Union has signed an agreement with a Swiss company that will allow it to take deposits and loan payments in different currencies such as Swiss Francs, British Pounds and European Union Euro as well as U.S. dollars. The credit union has agreed...

WACO, Texas - While the competition in Texas may be fierce, credit unions here know when to join forces. Eleven local credit unions have teamed up to launch an awareness campaign to educate consumers on the credit union difference. "We realize that we are not losing our members to the...

MADISON, Wis. and HARRISBURG, Pa. - In a move that could potentially create a secondary lending market for credit union member business loans, MEMBERS Development Co. LLC recently announced that it will acquire CU BizSource, a small business lending company, launched in January 2003 by the Pennsylvania Credit Union Association....

ARLINGTON, Va. - NAFCU recently asked for comments from its members on the SEC's proposed rule on broker-dealer registration requirements. The SEC's Regulation B would provide credit unions with exemptions to engage in certain transactions without having to register with the SEC. The areas that are of most importance to...

WALNUT CREEK, Calif.-The Marketing Association of Credit Unions (MAC) has recently elected members of its board of directors. The following officers have been elected to the 2004-2005 board: Cabrillo CU VP Marketing Anne Upson-Legg, chair; Redwood CU Marketing Manager Kate Kelly, chair-elect; and Energy First CU VP Marketing Darlene Diamond,...

Member business loans are proving to be a windfall for credit unions that have made the move into that lending area. The top 50 credit unions with the highest outstanding loan balances show the average total loan balance to be more than $110 million, according to Callahan & Associates, Inc....

NAFCU's 37th Annual Conference & Exhibition opened last week with a Native Canadian theme and addresses from NAFCU leadership, VanCity Savings CEO Dave Mowat, and others. During his remarks, NAFCU President/CEO Fred Becker spent a lot of time on the recent banker attacks. He noted that banks are important to...