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UPDATE: Alabama credit unions state their case for public deposits during Senate hearing on April 18

Credit unions in Alabama finally got an opportunity to explain why they should receive public deposits in a hearing with the Senate Banking & Insurance Committee on April 18.... More

New small CU deputy director is appointed

Credit union veteran Martha Ninichuk will take on the role of deputy director of the National Credit Union Administration's Office of Small Credit Union Initiatives on Sunday, the agency has announced.... More

CFPB to target credit discrimination

The Consumer Financial Protection Bureau will "combat unlawful, discriminatory practices--including those that have an illegal disparate impact on protected borrowers," and examine mortgage lending, student lending, auto lending, and credit card practices for evidence of lending discrimination, the agency said on Wednesday.... More

Creative MBL messaging directed at lawmakers, consumers

Listerhill Video Screenshot

With a vote on S. 2231, member business lending legislation, likely coming this month, two credit unions in particular have come up with creative messaging to get the credit union point-of-view across to lawmakers.... More

CFA asks senators to support MBL cap increase

The Consumer Federation of America has joined the list of organizations that support a member business lending authority increase for credit unions, telling senators that the Small Business Lending Enhancement Act of 2012 (S. 2231) would "expand access to affordable credit for small businesses and help strengthen local marketplaces that serve consumers well."... More

NCUA report notes CU burden in diversity standards

The administrative burden on credit unions will be taken into account as new diversity standards are developed, since "credit unions face some challenges in developing diversity policies and programs," the National Credit Union Administration's Office of Minority and Women Inclusion said in its yearly report to Congress.... More

Jenkins to receive AACUC lifetime achievement award

Shirley Jenkins, a long-time active supporter and advocate in the credit union industry, was named the 2012 Pete Crear Lifetime Achievement Award-winner by the African-American Credit Union Coalition.... More

Cheney provides national insights at MnCUN meeting

Offering a national perspective on the credit union movement's current issues, CUNA President/CEO Bill Cheney provided Minnesota credit unions insight into successes and opportunities during the Minnesota Credit Union Network's annual meeting April 13-14 in Bloomington.... More

MBL roundup: Landscaper--CU acted when banks would not

More letters to the editor about member business lending (MBL) are rolling in from small businesses and credit unions, and one Alabama credit union has put its case for raising the MBL cap on video by interviewing small businesses it has helped. Here's a recap of those efforts.... More

Study: Gas retailers not passing fee savings to consumers

Although gas retailers in the U.S. are saving $1 billion a year through the subsidy provided by the Dodd-Frank Act's interchange fee provision, they are not passing the savings on to consumers, according to a new study from the Electronic Payments Coalition.... More