Archive for November, 2011
An analysis of the number of failures by financial institution type conducted by The Motley Fool backs up credit unions’ argument that credit unions fared better than commercial banks during the 2008 financial crisis and the sluggish economy since.
The Government Accountability Office in a recent report recommended that the Financial Stability Oversight Council work with its partner regulators, including the National Credit Union Administration, to better coordinate Dodd-Frank Act-related regulatory actions.
CUNA is asking credit unions to comment on the Consumer Financial Protection Bureau’s plans to address the private student loan market.
World Council of Credit Unions’ board of directors has approved membership applications submitted by U.S-based CU Direct Corp., and Scotland-based CUSSCO Ltd. Both are credit union service organizations owned by credit unions.
While the holiday season is the time of the year for shopping and sharing, it’s also the time for online fraud and scams. Shopping and phishing scams, viruses and malware can turn good cheer into frustration with the click of a mouse. Credit unions can help their members avoid becoming victims this holiday season. Education, as always, is the key to prevention.
The New Bottom Line, a coalition of church congregations, community organizations and labor unions, is coordinating “Move our Money,” a campaign to transfer $1 billion from big banks to credit unions and community banks–financial institutions that invest their money back into local communities.
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