Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (05/02/2011)
* ALBANY, N.Y. (5/3/11)--New York credit unions and the Credit Union Association of N.Y. took advantage of congressional representatives' visits back to their district recently to pay a visit to first-term U.S. Rep. Chris Gibson (R-20) at his Saratoga Springs office. The group discussed debit interchange and increasing the member business lending cap. Gibson assured the group he is concerned about possible implications of interchange and is research the issue in depth. He asked credit unions in his district to "stay tuned" for action on the issue. From left are: Edward Gilligan, Capital Communications FCU; Linda MacFarlane, Columbia Greene FCU; Paula Stopera, Capital Communications FCU; CUANY President/CEO William J. Mellin; and Gibson. (Photo provided by the Credit Union Association of New York) … * ST. LOUIS (5/3/11)--Missouri credit unions continued efforts to discuss debit interchange with members of Congress during a recent recess. U.S. Rep. Emanuel Cleaver (D-5) heard about the issue from Pat Yokely, CommunityAmerica CU, during his town hall meeting in Kansas City April 23. Rob Givens of Mazuma CU met with him at a Small Business Administration ceremony April 23 and at a fundraiser on April 17. Carol White (left), president/CEO of Central Missouri Community CU, discussed the issue with U.S. Rep. Vicky Hartzler (right) (R-4) at a Chamber of Commerce reception April 25. Hartzler had four meetings last week with other credit unions also. Credit union advocates also took part in U.S. Rep. Russ Carnahan's (D-3) town hall meeting April 28 in St. Louis. And Missouri Credit Union Association Chief Advocacy Officer Peggy Nalls discussed interchange with U.S. Rep. Lacy Clay (D-1) in Jefferson City April 27. (Photo provided by the Missouri Credit Union Association) … * NASHVILLE, Tenn. (5/3/11)--US Community CU, based in Nashville, Tenn., will open a student-run branch in the fall at Nashville's McGavock High School to provide students real world training in the financial services industry. Students will operate the credit union in the school's hospitality and finance academy in the main hallway for other students and faculty. Ten students have been selected as tellers; they will work during four lunch periods. The credit union will spend $100,000 to renovate the space (The Tennessean via The Republic May 2) … * WISCONSIN RAPIDS, Wis. (5/3/11)--Another phone scam has targeted Bull's Eye CU, based in Wisconsin Rapids, Wis. Members and nonmembers are receiving automated calls seeking personal financial information that could be used in identity theft fraud. President Dave Stark urged recipients not to respond to the scams. The randomly generated calls are not from the credit union and no member information has been compromised, he said in a press release (WSAW.com April 29) …


RSS print
News Now LiveWire
Housing starts swell in July #NewsNow #Market http://t.co/EdKIhXEj9l
10 hours ago
Consumer inflation tapers after spring surge #NewsNow #Market http://t.co/bgvQd8fyuF
10 hours ago
Have you read this one today in #NewsNow? What NCUA examiners look for on cybersecurity efforts: NCUA Report http://t.co/4g5wUavUAe
11 hours ago
.@CFPB sets $2.75M fine v. auto finance co. it says "distorted consumer credit records for years": TX-based First Investors Fin. Serv. Group
12 hours ago
University, college #creditunions add fin ed to higher ed. See #NewsNow http://t.co/NsyshwHPhg
13 hours ago