SALT LAKE CITY - If nothing else, the leadership of the battle-scarred Utah League of Credit Unions pronounced itself "more unified than ever" and satisfied that while "we didn't win in the legislature, we stopped the bankers." "It was an all-out national assault" by the national banking lobby that Utah...

One of the factors to determine if a credit union will fall under UBIT is if the activity is not "substantially related" to its purpose. That's an area that could be open to interpretation as noted in the story in terms of the IRS' challenge of credit insurance. The following...

PLYMOUTH, Mich. - The merger of two Michigan bank trade associations should not hurt the state's credit unions, said Michigan Credit Union League president David Adams. The Michigan Bankers Association and the Michigan League of Community Banks announced they would merge April 1. The MBA has about 170 members, and...

CHULA VISTA, Calif. - North Island Financial Credit Union was recently honored by CDC Small Business Finance for becoming the first credit union in San Diego County to enter the Small Business Administration's 504 loan program. Loans made under the program provide long-term fixed rate financing to small businesses for...