Raising the cap on member business loans is risky in light of the problems facing credit unions and would take away businesses from "tax-paying community banks," said Independent Community Bankers of America Senior Vice President Stephen J. Verdier.

Credit union employees and volunteers who want to learn more about the impact of the nation's economic difficulties on their balance sheets can participate in CUNA Mutual Group's free Webinar on Feb. 16.

A New York CUSO has launched a credit report service that offers to then match the consumer with credit unions and community banks with the best available loan rates.

The legal clash from last October pitting Alabama's top regulator against the CEO and board of the $193 million failed Mutual Savings Credit Union of Birmingham, has been settled out of court, it was announced this week.