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Kansas CUs finish 2011 on strong note, says KCUA

Kansas credit unions finished 2011 with high growth rates in loans, assets, shares and members, according to the Kansas Credit Union Association's Quarterly Performance Summary for fourth quarter 2011.... More

Allow CU derivative investments as risk management tool: CUNA to NCUA

State and federal credit unions should be permitted to manage their interest rate risk through investments in derivatives, CUNA said in a comment letter sent to the National Credit Union Administration.... More

NerdWallet promotes CUs' checking accounts as top picks

Checking accounts at America's credit unions offer "free checking with good karma," according to consumer financial website NerdWallet.... More

Cheney makes video, radio, venues for business lending advocacy

CUNA President/CEO Bill Cheney emphasized the benefits to small businesses of increased credit union member business lending (MBL) on two fronts Wednesday: in a new CUNA video encouraging all credit unions to seek lawmakers' support for legislation to increase the MBL cap, and during a guest appearance on Bloomberg Radio's Taking Stock with Pimm Fox.... More

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