News Now LiveWire

Australian CUs have experienced strong growth in retail deposits at the expense of their regional banking rivals. http://ow.ly/goIE 1 day ago

Yakima Valley CUs have benefited from larger banks troubles as membership, deposit growth, and overall presence expand. http://ow.ly/goHD 1 day ago

Florida Central CU names CUNA board member Laida Garcia as president, CEO. Garcia succeeds the late Ed Gallagly. See http://ow.ly/gnw7 1 day ago

WesCorp detailed cost-saving initiatives-- including roughly 90 layoffs--that aim to roll back expenses to 2003 levels. See July 6 NN. 1 day ago

Wash. State CUs have seen a 313% mortgage loan increase over the last 10 years, with lower car loan, savings deposit increases. See Mon. NN. 1 day ago

more...

---

'Hikes' add new issues

WASHINGTON (5/13/08)--Members United Corporate CU and Mid-America CU Association representatives will hike Capitol Hill today and tomorrow to discuss their opposition to legislative limits on interchange fees in addition to seeking Senate co-sponsors for the Credit Union Regulatory Improvements Act (CURIA).

This week, the House Judiciary Committee is expected to take up discussion on H.R. 5546, the Credit Card Fair Fee Act.

The Credit Union National Association (CUNA) opposes the credit card legislation because it would "impose unnecessary regulation over the card transaction interchange fee process by establishing a costly governmental tribunal that would be authorized to impose its decisions on a system that is more appropriately governed by the market." (See related story this issue: CUNA targets interchange issue)

Next week, representatives from credit unions in South Carolina and Texas are scheduled to hike Capitol Hill. At least 24 hill hikes are scheduled through September.

Members United is located in Warrenville, Ill. Mid-America, located in Bismarck, N.D., represents credit unions in the Dakotas.