A state candidate's proposal to open a state-owned bank in Michigan to assist the state's economy prompted an editorial in The Detroit News that said Michigan is in no position to open such a bank and that credit unions' program to assist the credit crunch makes more sense. ... More

The Wall Street Journal recently looked at every credit union and bank to analyze their lending. The results showed strong credit union lending in credit cards and auto loans. ... More

WASHINGTON (Filed at 2:50 p.m. ET 3/16/10)--Federal Reserve policymakers today kept steady its federal funds interest rate at a record low of 0 to 0.25%, and indicated it would make no changes in its policy of keeping rates that exceptionally low "for an extended period."... More

Members of the House and Senate are adding their names to MBL legislation every week. Credit unions should continue to send letters in support to their lawmakers.... More

Credit unions and community banks respond to member-customers faster than big banks, according to a survey of the time it takes to contact a member or customer service representative via phone.... More

CUNA has added five questions to its "frequently asked questions" on Regulation E's new overdraft rules requiring members to consent before being assessed fees on overdraft services for ATM and one-time debit card transactions.... More

A bill giving Virginia state-chartered credit unions the ability to convert to mutual savings banks if they choose, was passed by the state's general assembly last week.... More

New escrow requirements related to recent Federal Reserve amendments to Regulation Z will become effective on April 1 for site-built homes and October 1 for manufactured homes.... More

Credit unions' lending to small businesses and the bill to increase credit unions' member business lending cap were recently in the spotlight of three publications across the nation. ... More

Credit unions popped up in the press in articles ranging from helping small businesses in California and Michigan, to Suze Orman's advice on where to go for a credit card, to looking at credit unions for all banking needs, to The Wall Street Journal's description of credit unions as among the "winners" in the proposal advanced Monday by Senate Democrats to overhaul financial markets.... More