Washington
House Financial Services Committee Vice Chairman Gary Miller (R-Calif.) will soon unveil anticipated legislation that will open formal discussions in the U.S. House about possible regulatory relief measures for credit unions and community banks. The bill could be introduced as early as today.
Washington
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Bloomberg Business Week article cites the strong support credit unions provided small businesses during the Great Recession, and credited them with picking up the slack created as banks clamped down on credit to small business owners. But the article notes the statutory member business lending cap is constraining credit unions' ability to keep lending.
Washington
Today kicks off National Small Business Week, a time proclaimed by the president each year for the last 50 to mark the importance of small businesses to the nation's economy. It is an ideal time, says CUNA Deputy General Counsel Mary Dunn, to highlight all that the country's credit unions do to support small businesses in their communities--and how much more they could do with improved policies.
CU System
A new paper from the Filene Research Institute addresses how credit unions can translate high member satisfaction scores into improved share of deposits.
CU System
A new white paper from the CUNA Lending Council examines how collateral risk management can be used in an environment in which few financial institutions have been immune to recent dramatic economic effects on loan portfolios and the collateral tied to them.
Washington
CUNA President/CEO Bill Cheney last week thanked two retiring league presidents--Dan Plauda of the Illinois Credit Union League and Sylvia Lyon of the Credit Union Association of New Mexico--for their "tremendous contributions not only to the credit union systems in their respective states, but to the credit union system as a whole."
CU System
Corporate Central CU in Muskego, Wis., held its annual meeting Thursday in Waukesha, Wis., and announced its board of directors.
CU System
Malcolm Gladwell, a keynoter at the Credit Union National Association's 2013 America's Credit Union Conference (ACUC), will do a first-time presentation on his new book at ACUC, the Credit Union National Association announced. ACUC will be held June 30-July4 at the Hilton New York in New York City.