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Top 10 iNews Nowi stories for August (09/01/2011)
MADISON, Wis. (9/2/11)--An article about how a 513-point stock market plunge--a byproduct of the nation’s debt-ceiling negotiations--would affect credit unions was the most read News Now story in August. Here is a list of the top 10 most-visited stories for the month. 10. Compliance: New employee rights notices needed soon WASHINGTON (8/31/11)--The majority of private-sector employers will need to publicly post notices of employee rights as detailed under the National Labor Relations Act (NLRA) in their offices beginning on Nov. 14 under a new rule announced by the National Labor Relations Board (NLRB) Tuesday. 9. Fed action means no short-term rate hikes soon, says CUNA WASHINGTON (8/10/11)--With the decision by the Federal Reserve policymakers Tuesday to hold interest rates at between 0% and 0.25% and keep the rate at “exceptionally low levels” at least through mid-2013, credit unions can’t plan on increases to short-term rates anytime soon, said Credit Union National Association’s chief economist. 8. CUNA Mutual: Another wave of ATM fee lawsuits hits CUs MADISON, Wis. (8/10/11)--Another rash of lawsuits continues to be filed against financial institutions for failing to properly disclose ATM fees. CUNA Mutual Group reminds credit unions simple preventative steps can help them avoid costly fines and legal fees. 7. CUs outperform banks on national customer loyalty metric CHICAGO, Ill. (8/8/11)--Credit unions are outperforming banks when it comes to maintaining member/customer loyalty, according to a nationally recognized customer loyalty metric. 6. MasterCard, CUNA team up for Aug. 17 interchange call WASHINGTON (8/15/11)--MasterCard's plans for a two-tiered debit interchange fee rate structure, how that rate structure will impact credit unions, and the anticipated time table for implementation will be covered during an Aug. 17 Credit Union National Association (CUNA) audio conference call. 5. Former CU manager banned from further work ALEXANDRIA, Va. (8/17/11)--The National Credit Union Administration (NCUA) on Tuesday prohibited Brian Zimmerman, a former manager and treasurer of Lebanon, Pa.-based LEBCO Educators FCU, from future work at any federally insured financial institution. 4. TCCUSF assessment is likely 25 bp ALEXANDRIA, Va. (8/29/11)--The National Credit Union Administration’s (NCUA) 2011 Temporary Corporate Credit Union Stabilization Fund (TCCUSF) assessment, which is set to be announced at an NCUA board meeting later today, will likely be around 25 basis points (bp) of total insured shares, Credit Union National Association (CUNA) Chief Economist Bill Hampel has said. 3. Low minimum hindered prepay plan: CUNA WASHINGTON (8/3/11)--A higher minimum size for the National Credit Union Administration’s (NCUA) proposed prepayment program for corporate credit union stabilization assessments would have attracted more credit union participation, the Credit Union National Association (CUNA) noted when the agency announced Tuesday it had not received sufficient credit union pledges to go forward with the plan. 2. MasterCard tells CUs of interchange structure plans WASHINGTON (8/18/11)--MasterCard plans to implement a two-tiered debit interchange fee structure, and currently plans to keep its existing market-based rate structure in place for credit unions and other financial institutions with under $10 billion in assets, MasterCard Global Head of Public Policy Shawn Miles said during a Wednesday conference call. 1. How stock market woes may impact CUs MADISON, Wis. (8/8/11)--Thursday's 513-point plunge in the stock market--the worst decline in nearly two years--could affect credit unions and their members.


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