The negative impact of the economy on its investments caused CUNA to have to write off almost $8 million last year.

The founder of Community First Credit Union and its current president yesterday explained to jurors why the government shouldn't impose the unrelated business income tax on that credit union.

CUNA and NAFCU have signed a letter with two banking associations urging senators to defeat an amendment aimed at reducing interchange fees that the trade groups say would decrease the availability of credit.

Saying that the threats to the credit union system posed by corporate and natural person credit unions are distinct, the NCUA should revamp the insurance structure to separate the two, NAFCU President Fred Becker wrote the NCUA Board today.

A House subcommittee plans to discuss efforts to stabilize the corporate credit unions at a hearing on Wednesday May 20.

With a Senate debate and a presidential town hall meeting on the subject, proposed changes to the rules regarding credit cards will receive considerable attention this week.

Jury selection is beginning today in a Madison, Wis. courtroom in the trial the IRS' interpretation of the unrelated business income tax with regard to credit unions.

The Central Liquidity Facility would continue to be able to borrow up to $41.5 billion from the Treasury Department under the Obama administration's budget request submitted to Congress last week.