Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (09/05/2011)
* ONTARIO, Calif. (9/6/11)--The California and Nevada Credit Union Leagues and credit unions met with legislators in district meetings and town halls over a five-week period district work period about issues such as the passage of HR 1418 and S 509, which would increase credit unions' member business lending cap to 27.5% from 12.25%. Seven lawmakers supporting the legislation, including author Rep. Ed Royce (R) are from California. Credit unions met with: California Democrat U.S. Reps. Brad Sherman, Adam Schiff, and Judy Chu, and Republican Reps. John Campbell, Dana Rohrabacher; Tom McClintock, Darrell Issa and Gary Miller, as well as with Nevada U.S. Reps. Shelley Berkley (D) and Joe Heck (R). Credit union representatives also attended town hall discusses hosted by Reps. San Farr and Xavier Becerra. Becerra was named to the congressional "super committee" addressing the national debt crisis. The Credit Union National Association has urged credit unions to take the opportunity of the congressional recess to meet with lawmakers in the district. Pictured here are credit union leaders with Campbell. (Photo provided by the California and Nevada Credit Union Leagues) … * KANSAS CITY, Mo. (9/6/11)--Kansas City credit union leaders met with U.S. Rep. Emanuel Cleaver (D-Mo.) to urge support of lifting credit unions' member business lending cap to 27.5% from 12.25%. The meeting took place in Cleaver's district office Aug. 24, said the Missouri Credit Union Association (MCUA) (The Missouri difference Aug. 30). Cleaver said there is a need for jobs and he supports the bill. From left are: Jay Swearingen, MCUA; Ron Miller, Edison CU; Pat Yokley, CommunityAmerica CU; Cleaver; Amy McLard, MCUA; Tim Vogler, United Labor CU; and Mark Heineman, Catholic Family CU. The Credit Union National Association has encouraged credit unions to meet with their representatives in Congress during the August congressional recess. (Photo provided by the Missouri Credit Union Association) … * FARMERS BRANCH, Texas (9/6/11)--Members Choice CU, a $358 million asset credit union based in Houston, Texas, has been designated as a Preferred Lender by the U.S. Small Business Administration (SBA), according to the Texas Credit Union League (LoneStar Leaguer Sept. 2). The designation, which gives the credit union final credit decision and most servicing and liquidation authority for SBA 7(a) loans, streamlines the process to provide financial assistance to the small-business community. "Being part of this program allows Members Choice CU to help create jobs and further economic development in our area, and we couldn't be happier about that," said President/CEO Steve Gilman. To date the credit has granted more than $16 million in business loans to small businesses, including Kitchen 'n Bath Liquidators, Pigtails & Crewcuts, Fusion Taco among others …


News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda
4 hours ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief.
6 hours ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today:…
8 hours ago
Seriously underwater homes rise, new-home sales tumble News Now:
8 hours ago
#NewsNow Cornerstone Foundation awards $71K in grants
10 hours ago