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Top Stories

Sherman boosts CU capital bill in Roll Call

A bill to broaden credit unions' ability to build capital would simply fix a flaw in current law that unfairly punishes healthy credit unions for growing to meet the needs of their members and their communities, writes Rep. Brad Sherman (D-Calif.) in an op-ed in the Monday issue of Roll Call.... More

CUNA asks Fitch to revise MBL statements

CUNA asked Fitch Rating Services to revise or reconsider a statement critical of credit union business lending that the ratings agency issued late last week, pointing out information about credit union lending that the statement's authors "may not have been aware" of in preparing their message.... More

Iowa league CEO: Tax status is due to ownership structure

Credit unions are exempt from federal income tax because of their not-for-profit, cooperative ownership structure and volunteer, elected boards, said Patrick Jury, president of the Iowa Credit Union League, in a recent letter to the editor published in the Des Moines Register.... More

CHANGE: NCUA Orlando "listening" session now set for June 13

The National Credit Union Administration (NCUA) has changed the “Listening Session” in Orlando to Wednesday, June 13 instead of Tuesday, June 12.... More

N.Y. CUs, league run full-page MBL ad in N.Y. Times

A full-page ad touting raising credit unions' member business lending cap was placed in the national edition of The New York Times Sunday by New York credit unions and the Credit Union Association of New York. The ad appears in the front section of Sunday's paper.... More

LSCU Quarterly update today at 2pm

Credit unions have the opportunity to get a League and CUNA update... More

CFPB accepting comment on Reg Z change

The Consumer Financial Protection Bureau is considering revising Regulation Z so that a current 25%-of-available-credit limit would apply only to fees that are charged at account opening.... More

Pa. CUs familiarize political candidates with CU issues

Pennsylvania credit unions statewide have been initiating early involvement with political candidates to make them familiar with credit unions and credit union issues, according to the Pennsylvania Credit Union Association.... More

NCUA, WesCorp's Swedberg settle suit

The National Credit Union Administration and Timothy Swedberg, one of the officials it sued as a result of the collapse of Western Corporate FCU, Wednesday filed a settlement agreement with a federal court in Los Angeles to dismiss the case, according to a stipulation filed Friday.... More