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May 23, 2013

CUNA Nationwide Webinar Rallies CUs For Grassroots Tax Battle

Washington
Credit union efforts will have to be bigger, louder, and stronger than ever to defend the credit union tax exemption as tax reform discussions gain momentum in the U.S. Congress. In a nationwide webinar Wednesday, CUNA urged credit unions to engage their 96 million members and help them join the fight to support the credit union tax status. ReadMore

Okla. Foundation Deploys Tornado Relief Fund, Insurer Reports Damages

CU System
The Oklahoma Credit Union Foundation Tuesday deployed its Tornado Disaster Relief Fund to assist credit union people impacted by tornadoes Sunday and Monday in Shawnee and Moore. And CUNA Mutual Group reported major damage to just one credit union. ReadMore

CUNA Seeks CU Remittance Comments In New Survey

Washington
Credit unions can detail how recent changes to the Consumer Financial Protection Bureau's final international remittance transfer rule could impact their business practices as they relate to such services they provide to their through a new CUNA survey. ReadMore

CUNA Mutual Group: Mortgages Should Reflect Flood Zone Requirements

CU System
With a wet U.S. spring causing the potential for flooding to increase, all credit unions need to make sure they know whether a property is in a flood zone before approving a mortgage, according to an article by Kriss Besch, CUNA Mutual Group product support manager. ReadMore

Bipartisan CU MBL Bill Spreads Freedom, CEI Writes

Washington
Credit union member business lending legislation should be cheered not just because of its bipartisanship, but because it "spreads freedom" and "lifts regulatory barriers to an untapped source of capital for startups: America's credit unions," Competitive Enterprise Institute Senior Fellow for Finance and Access to Capital John Berlau wrote in a recent openmarket.org blog post. ReadMore

In Canada, CUs Outperform Banks On Small Biz Needs

CU System
Like credit unions in the U.S., Canadian credit unions continue to outperform banks in serving the financial needs of small and medium-sized enterprises, according to a Canadian Federation of Independent Business research report. ReadMore
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News Now LiveWire
Gov. Dannel P. Malloy has sent CU League of Connecticut an official proclamation praising the value of its Financial Reality Fair Program.
15 hours ago
NCUA today liquidated Electrical Workers #527 FCU of Texas City, Texas. Watch News Now Friday.
16 hours ago
U.S. mortgage rates rose for the third consecutive week, Freddie Mac said Thursday. A 30-year FRM averaged 3.59%, and the 15-year FRM 2.77%.
16 hours ago
@TheNCUA has posted the May edition of the monthly economic update: http://t.co/CyVNQPCOEo
16 hours ago
Patrick Pierce of City & County CU, St. Paul, Minn., has been elected board chair of the Minnesota Credit Union Network.
17 hours ago