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Top Stories

The LSCU quarterly magazine Signal now online

The first edition of the 2010 Signal magazine is now online. The quarterly magazine provides an overview of the services provided to member credit unions. ... More

NEW: Bellco wins UBIT summary judgment

DENVER (Filed 11:55 a.m. CT 4/5/10)--A Colorado judge has issued a ruling in favor of Bellco CU, the Greenwood Village, Colo.-based credit union challenging the government's unrelated business income tax (UBIT).... More

Leverage debuts April 5

The LSCU debuts its new service corp Leverage. Credit unions now have an opportunity for greater buying power and more services. ... More

Bellco's win moves UBIT victory further, says CUNA

A federal judge's ruling Friday--that Bellco CU of Greenwood Village, Colo., is not liable for unrelated business income tax in several significant areas--is a significant victory for credit unions, said CUNA General Counsel Eric Richard.... More

Pres. Obama officially declares fin lit month

President Barack Obama late last week officially announced the beginning of financial literacy month, calling on Americans to "take time to improve our own financial knowledge and share that knowledge with our children." ... More

California CUs shook up from quake

Several credit union branches suffered damages from an 7.2 magnitude earthquake that hit Southern California and Mexico Sunday afternoon.... More

Chrysler temporarily suspends CU program

Chrysler has temporarily suspended its affiliate rewards program, including its arrangement with credit unions under the Invest in America program, says an e-mail message to CUCorp and the leagues.... More

N.Y. Senate sets $15M for state CDFI fund

The New York State Senate has called upon Gov. David Paterson to direct $15 million for an initial capitalization of the New York State Community Development Financial Institution Fund. ... More

CUNA groups tackle FOM, merger issues this week

CUNA's recently formed mergers and field-of-membership working groups will hold meetings this Wednesday. ... More

FHA changes net worth, other rules for lenders

The Federal Housing Administration earlier this week announced that lenders that take part in FHA lending programs will need significantly higher net worth. ... More