CUNA News Now Headlines

CUNA ire on administration's plan noted in American Banker

Mon, 8 Feb 2010 21:05:09 GMT

CUNA's ire on behalf of credit unions when a recent Obama administration plan proposed to funnel $30 billion into community banks for business lending--but do nothing for credit unions�was highlighted in Monday's "People" section of American Banker.

Some CUs walking away from Visa/Heartland settlement

Mon, 8 Feb 2010 22:15:42 GMT

More than 50 credit unions that walked away from a $60 million settlement offered by Heartland Payment Systems to Visa card issuers for the losses they incurred during a massive data breach are pursuing additional litigation.

Consumer card awareness study revealed by CFA/CUNA today

Mon, 8 Feb 2010 21:03:46 GMT

CUNA and the Consumer Federation of America postponed until today the release of its new study on the level of consumer awareness of protections offered by new credit card statutory requirements.

L.A. Times and AP offer advice on switch to CUs

Mon, 8 Feb 2010 21:15:03 GMT

Prominent newspapers and a news service--the Los Angeles Times and the Associated Press via the The New York Times-- featured articles this weekend with advice about switching credit cards and checking accounts to credit unions.

Wash. Post: Save to Win produces 'stunning results'

Mon, 8 Feb 2010 22:11:36 GMT

Eight Michigan credit unions have achieved "stunning results" through their Save to Win contest, which promotes member savings, The Washington Post said Sunday.

Minn. officials, CUs discuss foreclosure legislation

Mon, 8 Feb 2010 21:49:46 GMT

As the Minnesota Legislature kicked off its 2010 session Thursday, State Rep. Debra Hilstrom (DFL-Brooklyn Center) and Kermit Fruechte of the Minnesota Attorney General's Office, met with credit union professionals and volunteers to discuss the details of mortgage mediation legislation.

CUNA: People realizing recovery 'not typical'

Mon, 8 Feb 2010 22:45:50 GMT

The loss of 20,000 jobs in January--more than expected-- indicates a slow recovery, and consumers are starting to realize that the economic recovery isn't a typical one, CUNA senior economist Mike Schenk told Investor's Business Daily's Investor.com Friday.

Fewer members, consumers used credit in December

Tue, 9 Feb 2010 02:17:44 GMT

Consumers overall--credit union members included--borrowed less in December, according to Federal Reserve's consumer credit report released Friday.

Snow closes federal offices; CUNA Washington

Tue, 9 Feb 2010 02:40:08 GMT

An historic snowstorm that dumped 36" at one local airport over 36 hours forced the federal government to close offices Monday and again today, and local jurisdictions have urged residents not to travel due to treacherous road conditions.