There was more legal fallout, albeit indirect, from the Central States Mortgage Co. bankruptcy this week relating to a breach of contract claim against one of the Wisconsin credit union investors.

The New York Times has taken a stand critical of a proposed federal law which would cap the interest and fees from payday loans at 15% across the country.

The $355 million SAC Federal Credit Union in Nebraska said this week it is already getting positive feedback on a new logo and rebranding campaign, its first in 20 years, to convey a softer military tone while emphasizing CU vs bank awareness.

Young credit union professionals have until June 15 to be nominated the WOCCU Young Credit Union People Scholarship Program, which past winners have called a life changing experience.