In a widely anticipated move, the Federal Reserve on Wednesday lowered the target for the federal funds rate, at which banks borrow from each other, by 25 basis points to 2%. That’s the lowest rate since late 2004.

The CUNA lobbying team will be on Capitol Hill early Tuesday morning to focus on next steps after learning that a much anticipated Credit Union Regulatory Relief Act (CURRA, H.R. 5519) was pulled from Tuesday’s House voting schedule.

The Wall Street Journal, MarketWatch and Dow Jones News Service are among the national media piling on to recommend consumers check out credit unions for better deals. CUNA chief economist Bill Hampel tells why credit unions are a good deal.

The Washington Financial Literacy Work Group has been created and includes several representatives from the state’s credit union industry.

April began and ended with groundbreaking ceremonies marking the launch of homes for wounded veterans of the Iraq war, in which the Credit Union National Association (CUNA) and state credit union representatives participated.

World Council of Credit Unions officials last week mounted an effort to head off anti-credit union sentiments among banks and other financial institutions in Costa Rica.

The Maine credit union movement’s volunteer program–Credit Unions Share for ME–released the final results of volunteer efforts by Maine’s credit unions in 2007, in celebration of National Volunteer Week, which began Sunday and ends Saturday.