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News Now LiveWire

Bush in Virginia today notes federal insurance expansion of bank and CU deposits of up to $250,000. "That's important," says president. 10 hours ago

A survey says more than 50% of baby boomers will have to delay their retirement by 5+ years...for more, read Wed.'s Consumer News. 10 hours ago

NCUA says its Share Insurance webinar today drew more than 3,300 participants. Will provide archived version later. 10 hours ago

MarketWatch mentioned CUNA and CUs as currently being on the "high ground" of financial services. Read more in tomorrow's News Now. 14 hours ago

Positive item on CUs by Jennifer Openshaw posted on Marketwatch and the Dow Jones News Service: Read: http://tinyurl.com/48fgsu 15 hours ago

more...

October 7, 2008

Fed pay on reserves starts Oct. 9

Washington

The Federal Reserve Board has announced that effective Oct. 9 it will begin to pay interest on credit unions' and other depository institutions' required and excess reserve balances. Read this story

WOCCU adopts international principles

CU/System

The World Council of Credit Unions is piloting the International Credit Union Consumer Protection Principles with select credit unions. WOCCU also will participate with other leading microfinance agencies to assure equitable lending and savings practices gain global acceptance. Read this story

Schwarzenegger vetoes data breach bill--again

CU/System

California Gov. Arnold Schwarzenegger vetoed legislation last week--for the second time in the past year--that would have required retailers and other businesses in the state to implement measures to protect credit and debit card data. Read this story

Latest successes of CUs in the media

CU/System

Credit unions continue to spread the message of their safety and soundness through various media outlets. Read this story

Copyright © 2008 - Credit Union National Association, Inc.