Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (08/20/2009)
* WILLIAMSPORT, Pa. (8/21/09)--Horizons FCU, based in Williamsport, Pa., reported that counterfeit cashier's checks bearing its name are in circulation, according to the Federal Deposit Insurance Corp. The items display the wrong routing number--031302528--which is the number of Woodlands Bank, a Williamsport bank that issues Horizon's checks. The counterfeit items display a security feature statement embedded in a darkened top border, with the credit union's name, and mailing and street addresses at the top left. Horizon's authentic checks are light blue with a border that varies in color: dark blue, dark purple or dark orange. Its logo, name, mailing and street address, telephone and fax numbers are in the top left corner … * DALLAS (8/21/09)--Texans CU received the Junior Achievement (JA) of Dallas's "highest team average" honor for dollars the credit union raised for the 2009 JA Bowl-A-Thon. The credit union contributed nearly $8,999 with fundraisers such as "Jeans Day Fridays" and raffling off first-floor parking spots donated by executives. Eighteen Texans employees participated in the bowl-a-thon, which raised $216,000 for JA of Dallas. Bowl-a-thon team captains showing off the trophy awarded to Texans are, from left: Orlando Huerta, Sue Nash, Daisy Harris, Stacey Hastings and Dee Fincher. (Photo provided by Texans CU) … * ROCHESTER, Minn. (8/21/09)--Minnesota U.S. Rep. Tim Walz (D-1) met with nine credit union representatives in a constituents' roundtable focused on credit union issues Aug. 18. They discussed several federal legislative issues, including regulation of the financial services industry. Citing H.R. 3126, which would create a Consumer Financial Protection Agency, credit unions emphasized the importance of maintaining an independent credit union regulator. Waltz acknowledged credit unions' concerns and agreed the mainstream financial services industry has not demonstrated a need for a "super regulator." As Congress works to protect consumers, elected officials need to ensure they do not punish financial institutions that have practiced diligence by working and complying with agencies such as the National Credit Union Administration and the Federal Deposit Insurance Corp., said Walz. Credit unions also addressed their challenges in complying with parts of the Credit Card Accountability, Responsibility and Disclosure (CARD) Act. Credit unions discussed the Promoting Lending For America's Small Business Act (H.R. 3380) and highlighted benefits credit unions offer small businesses through member business lending. Walz encouraged attendees to keep in contact with him as the issues progress through Congress. "Congressman Walz's desire to meet with us during his busy August recess demonstrates that he identifies credit unions as an important constituent group in his district," said Mara Humphrey, Minnesota Credit Union Network vice president--governmental affairs. (Photo provided by the Minnesota Credit Union Network) … * ST. LOUIS (8/21/09)--The Missouri Credit Union Association (MCUA) is coordinating meetings across the state to give credit unions a platform to discuss their concerns with lawmakers. U.S. Rep. Ike Skelton (center of top photo) (D-District 4) met with 10 credit union leaders to discuss industry concerns about member business lending and open-ended lending in the Credit CARD Act. The meeting took place Aug. 14 at a CommunityAmerica CU branch in Blue Springs. Local media outlets were invited to the meeting by Skelton's staff. See article in local newspaper . Other meetings included an Aug. 13 meeting with Cindy Eberting Hall, a staffer of Sen. Claire McCaskill's (D) office, Missouri CU President/CEO Hal James and MCUA Senior Vice President Peggy Nalls. Representatives from four Springfield area credit unions met Aug. 17 with Dan Wadlington of U.S. Rep. Roy Blunt's (R-7) office. Wadlington is shown at center in the second photo. (Photos provided by the Missouri Credit Union Association) …


News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda
4 hours ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief.
6 hours ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today:…
8 hours ago
Seriously underwater homes rise, new-home sales tumble News Now:
8 hours ago
#NewsNow Cornerstone Foundation awards $71K in grants
10 hours ago