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MBL push at state level grows, reported in media

Small businesses in North Carolina are supporting credit unions' push to get passage of the bill that would increase their member business lending cap, according to a report in The Charlotte Observer.... More

WOCCU supports global AML reg revisions

The World Council of Credit Unions Tuesday said it strongly supports revisions to regulations developed by the Financial Action Task Force (FATF) designed to combat money laundering and terrorist financing, and supported the FATF's revised due diligence recommendations that can be scaled to acknowledge credit union members' relative lack of risk in these areas.... More

Texas tornado destroys home of CU employee

The home of at least one Texas credit union employee was destroyed by tornadoes that swept through the Dallas-Fort Worth area Tuesday. However, Texas credit unions appear to have escaped major damage.... More

Dakotas association's new campaign draws media

The Credit Union Association of the Dakotas' press conference this week announcing the launch of its new awareness campaign was "well-covered by local media, including two local television stations," the association said. The campaign goal is to create awareness about the benefits of credit unions across North and South Dakota.... More

Six banned by NCUA from credit union work

Six former credit union employees--three from New York, one from Hawaii, one from Kansas, one from North Carolina--have been banned from participating in the affairs of any federally insured financial institution by the National Credit Union Administration.... More

HuffPo, Wis. op-ed: MBL bill to help small biz grow

An article in Wisconsin Corporate Report and a blog in Huffington Post feature credit union leagues telling why Congress should pass the member business lending (MBL) bill to increase credit unions' MBL cap.... More

Fed minutes indicate less interest in QE

The Federal Reserve's policymaking group may be less likely to introduce another around of bond buys or asset purchases--known as quantitative easing--to assist the economy, according to minutes of its March 13 meeting, released Tuesday afternoon.... More

Comp Blog roundup: Latest on NCUA, CFPB changes

In the March edition of the CUNA's Comp Blog Monthly Wrap Up, CUNA presents a new list of compliance questions that credit union CEOs should ask members of their staff.... More

CU savings up, loans down, assets close to $1 trillion

Credit union assets nearly broke the $1 trillion threshold in February, and credit union membership remains strong, as it has since Bank Transfer Day, according to a CUNA economist's analysis of February's monthly sample of credit unions.... More

NCUA replies to tentative rulings in Goldman Sachs case

The National Credit Union Administration, in its lawsuit against Goldman Sachs & Co. over residential mortgage backed securities sold to Western Corporate FCU and U.S. Central FCU before their collapse, has filed supplemental memos and responses related to tolling time issues brought up in a tentative ruling by a federal judge in Los Angeles March 15.... More