The Michigan Credit Union League joins several other state leagues in adopting a resolution that aims to protects credit unions from "hostile takeovers."

There is one upside to the Internal Revenue Service's most recent guidance on unrelated business income tax: state-chartered credit unions can now ask more specific questions on what counts and what cannot be considered.

In the latest evidence of declining check volumes and the need for credit unions to pare costs, Members United Corporate Federal Credit Union said this week it is planning to buy and merge the item-processing unit of the Illinois Credit Union League.