An Iowa credit union is receiving media and congressional attention for saving 40 jobs at Troy Elevator, a grain elevator that almost closed when its relationship with a bank fizzled. Pending legislation in Congress would allow credit unions to help more such businesses at no cost to taxpayers, said CUNA and the Iowa Credit Union League.

Five years ago, after Hurricane Katrina stunned the nation with its sweep through New Orleans and the Gulf Coast states of Louisiana, Mississippi and Alabama, Louisiana Credit Union League President Anne Cochran told trade press that the state’s credit unions were concerned that people would forget them, once the next disaster came along.

The Missouri Credit Union Association’s recent board resolution on key credit union issues resulted in a letter to the National Credit Union Administration, which related credit union concerns regarding such things as merger policy and share insurance assessments.

Members United Corporate FCU reported $8 million in additional other-than-temporary-losses as of July 31, creating a $4.6 million loss for the month and nearly $11.2 million in losses year to date.

Credit union directors are unreliable judges of their own efficacy, and there several areas ripe for governance improvement, according to a recent Filene Research Institute survey.

The U.S. government is working to develop a list of financial education core competencies to further efforts to increase the financial literacy of the country’s population. The Treasury Department, as lead agency of the Financial Literacy and Education Commission, is seeking public comment on the list.

August 30, 2010, Alexandria, Va. – Credit unions continue to welcome new members, while helping many existing members overcome financial stress, according to second-quarter Call Reports from America‟s 7,445 federally insured credit unions.

WASHINGTON (UPDATED 8/31/10, 2:05 p.m. ET)–The Presidential Economic Recovery Advisory Board (PERAB) has released a comprehensive report on possible tax revisions, each intended to simplify the tax system, improve taxpayer compliance with existing tax laws, and reform the corporate tax system.

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