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Top Stories

Credit union business grows as consumers sour on banks

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In an article published by Reuters on Nov. 3, it seems as though the big banks may have dropped the debit card fees, but the credit unions are the ones picking up the business.... More

Development Conference features Cheney, Vale and Yolles; education sessions

CUNA President/CEO Bill Cheney gave an industry overview including an MBL update. ... More

Bank Transfer Day: CUNA says 650,000 have so far

CUNA said Thursday that at least 650,000 consumers have joined credit unions since Bank of America announced its now-canceled plans to charge $5 a month for debit cards.... More

CUNA: Hundreds of thousands of consumers, billions of dollars move to credit unions

Reacting to rising fees at banks, hundreds of thousands of consumers have rushed to credit unions over the past four weeks, and have joined existing credit union members in depositing or shifting billions of savings to credit unions, according to estimates released today by the Credit Union National Assn. (CUNA), the nation’s largest credit union advocacy group.... More

Cheney in Huffington Post on Bank Transfer Day: any day is good day to become a CU member

CUNA President Bill Cheney writes about Bank Transfer Day being "the start of something great" in an article posted in The Huffington Post late yesterday afternoon. He writes any day is a good day for a consumer to become a credit union member. With the changes over the last several weeks, since Sept. 29 when Bank of America announced it's debit fee, consumers truly seem to comprehen how they can benefit from credit union membership.... More

ACTION ALERT ISSUED: Contact House Financial Services Chairman Spencer Bachus

On Oct. 26, House Financial Services Committee Chairman Spencer Bachus (R-AL) signed on as a co-sponsor of H.R. 1697, The Communities First Act authored by Rep. Blaine Luetkemeyer (R-MO), which looks to aid community banks.... More

Alabama, Florida credit unions approve of job being done by League

Results from the recent LSCU Member Survey reveal that 92 percent of members say they’re satisfied with the League, and 89 percent say the consolidation promise is being realized. ... More

NEW: LSCU Bank Transfer Day webpage

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The League this week created a webpage dedicated to offering resources for your credit union to get involved in Bank Transfer Day on Nov. 5.... More

Agencies announce improvements to HARP program

The Federal Housing Finance Agency (FHFA), with Fannie Mae and Freddie Mac (the Enterprises), have announced a series of changes to the Home Affordable Refinance Program (HARP) in an effort to attract borrowers who can benefit from refinancing their home mortgages.... More

National and local press continue to feature credit unions

Media outlets like ABC and HDNet's Dan Rather are reporting on credit unions in the wake of the bank fees. ... More