As of Saturday afternoon, both houses of Congress have passed a government funding resolution that also contains a borrowing cap increase for the National Credit Union Administration’s (NCUA’s) Central Liquidity Facility (CLF) for Fiscal Year 2009.

CUNA urged every U.S. Senator and every member of the U.S. House to take “appropriate action” to restore the strength of the nation’s economy.

Armed with facts about credit unions’ federal insurance and credit unions’ performance, the state leagues moved last week en force to inform media and the public of credit unions’ strength, safety and soundness.

Credit unions nationwide are sending letters to their local media touting credit unions’ strength and security.

In the wake of recent financial bailouts and questions over the safety of financial instruments, there’s been considerable confusion over the difference between money market share accounts at the credit union, and money market mutual funds. The most important difference: One is insured and one isn’t.

Indiana Gov. Mitch Daniels opened the Indiana Credit Union League’s annual convention Friday morning and expressed support for key credit union initiatives in the state, according to League President John McKenzie.

The Pennsylvania Supreme Court issued a procedural ruling Thursday sending court cases involving community charters back to the lower Commonwealth Court.

Despite seeing widespread devastation caused by Hurricane Ike on his tour of Southeast Texas Thursday, Dick Ensweiler, CEO of the Texas Credit Union League, discovered that morale was high among credit union employees affected by Ike.

The National Credit Union Administration is looking into simplifying its rules used to determine insurance coverage for revocable trust accounts.