The Irish League of Credit Unions plans to campaign for a stabilization fund that would assist credit unions if they encounter financial difficulty.... More

As the U.S. House continues to near its recently announced Oct. 1 election-year recess target date, the Small Business Lending Fund Act remains one of many items on its docket.... More

The Federal Open Market Committee today announced it would keep the target range for the federal funds rate at 0% to 0.25% and maintain its existing policy of reinvesting principal payments from its securities holdings. It also reiterated its policy of keeping rates low for an "extended period." ... More

On her second day since joining the Obama administration as Special Advisor to U.S. Treasury Secretary Tim Geithner, Elizabeth Warren met with CUNA President/CEO Bill Cheney for further perspective on top credit union issues.... More

Fed policymakers said Tuesday they would keep the target range for the federal funds rate at 0% to 0.25% "for an extended period," and maintain its policy of reinvesting principal payments from securities holdings. But if the economy drops lower, their attempts to ease policy could have negative implications for credit unions' net margins, according to a CUNA economist. ... More

There will be much to absorb after this Friday's special open National Credit Union Administration meeting scheduled to take up new regulation for corporate credit unions, as well as present an update on the agency's corporate credit union legacy asset plan. ... More

Michigan's Office of Financial and Insurance Regulation has ordered an entity claiming to be "Whitestone Credit Union" of Grand Haven, Mich., to cease and desist from doing business.... More

Credit unions are in a unique position to make loans to help small businesses, the Michigan Credit Union League told the Detroit News in a letter to the editor Monday. ... More

By 2014, funds loaded by consumers into prepaid debit and payroll card accounts will increase to $164 billion from $44 billion last year, according to new research.... More

The National Credit Union Administration, scheduled to consider a new corporate credit union regulatory regime on Friday, will quickly follow up its action with an informational session for credit unions on Monday.... More