Speaking in an interview published in the March 26 edition of the Spokane Journal of Business, Spokane Teachers CU President/CEO Steve Dahlstrom, who recently began a term on the board of directors of CUNA, described CUNA’s role as a voice for the small credit unions that comprise the “bulk” of CUNA’s membership.

While federal credit unions usually cannot adjust the terms of home equity plans, Regulation Z “does not prohibit rate changes that are set forth in a home equity agreement, such as stepped-rate or preferred rate plans,” the National Credit Union Administration said in a recently released legal opinion.

The U.S. Treasury on Monday extended the deadline for funding applications under its Community Development Capital Initiative until April 30.

The National Credit Union Administration on Monday published for public comment a series of proposed changes to rules that address the fiduciary duties of federal credit union directors, credit union-to-bank mergers, and charter and insurance conversions.

The New York City Council Thursday unanimously passed Resolution 17, which encourages the state legislature to allow municipalities to deposit public funds in credit unions.

Consumers are getting all kinds of financial advice in the media and credit unions head the list as good deals.

Personal data on about 3.3 million people with student loans were stolen from Educational Credit Management Corp. in St. Paul, Minn., a nonprofit guarantor of federal student loans, during the weekend of March 20-21.

Credit unions in Barbados last week accepted the World Council of Credit Unions’ design for a program that will implement deposit insurance for the country’s financial cooperatives.

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