Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (03/03/2008)
* ESCANABA, Mich. (3/4/08)--U.S. Rep. Bart Stupak (D-Mich.) met with 225 members and guests at Great Lakes First FCU's annual meeting Feb. 9 and spoke about credit union taxation and other issues (Michigan Monitor March 3). Banks are increasing the pressure in Congress to tax credit unions, he said, adding he has received more visits from banking industry lobbyists pressing the issue than he did last year. He stated his long-standing support for the credit unions' tax exemption: "Credit unions have no unfair advantage over the banks and deserve their tax-exempt status," he told the group. He is one of 11 Michigan co-sponsors of the Credit Union Regulatory Improvements Act (CURIA), which he said would give credit unions more flexibility in many areas, particularly in member business lending. Stupak, left, is shown here with Great Lakes First FCU Chairman William Charon. (Photo provided by the Michigan Credit Union League) … * NORTHVILLE TOWNSHIP, Mich. (3/4/08)--The Michigan Credit Union League (MCUL) has named Rep. Joe Knollenberg (R-Mich.) as its 2007 Federal Legislator of the Year and State Rep. Andy Coulouris (D-Sagninaw) as State Legislator of the Year (Michigan Monitor March 3). The MCUL Board also named Matt Mika, legislative assistant to Rep. Tim Walberg (R-Mich.), as Federal Staffer of the Year, and Teri Ambs, legislative director to State Sen. Randy Richardville (R-Monroe), as State Staffer of the Year. Knollenberg, Michigan's 11th co-sponsor of the Credit Union Regulatory Improvements Act (CURIA), has been a staunch supporter of the credit union tax exemption and played a key role in helping the Credit Union National Association and the World Council of Credit Unions obtain funding for the Cooperative Development Program, said the league. Coulouris serves as chairman of the state House Banking and Financial Services Committee and has assisted credit unions with numerous measures … * BLOOMFIELD, Mich. (3/4/08)--Professionals, volunteers and members of T&C FCU are rallying to assist a branch teller whose home was destroyed by fire Feb. 26. The home of Keysha Griffin, a teller at the credit union's Ypsilanti branch, burned to the ground and she lost everything, said branch manager Christine Schulz, who added there's a question about how much insurance will cover on the home. A fund has been set up at the credit union. Checks should be made payable to Keysha Griffin Relief Fund, at T&C FCU, 2820 Tyler Rd., Ypsilanti, MI 48198 (Michigan Monitor March 3) … * METAIRIE, La. (3/4/08)--Jefferson Parish School Board Employees CU is changing its name to reflect its ability to serve the broader community, said Mark Rosa, president/CEO. The new name is Jefferson Financial CU. "We've got a new name, soon we'll have a new building, and most important, our membership is now open to all residents of Jefferson Parish (County)," he said. The credit union is the largest state-chartered credit union in Louisiana, with $140 million in assets. The credit union is the first in the state to receive a "residential group common bond" field of membership from the Louisiana Office of Financial Institutions, since OFI established new regulations last August, said the credit union …


News Now LiveWire
A recent report from @TransUnion says consumers born 1981 or later made up 27% of total auto-loan originations in 2014, up 16% from 2009.
10 hours ago
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
1 day ago
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
6 hours ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
6 hours ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
8 hours ago