Reps. Ed Royce (R-Calif.) and Carolyn McCarthy (D-N.Y.) today introduced legislation to raise the cap on member business loans from credit unions to as much as 27.5% of assets.

The interchange fallout and the prospect of Connecticut credit unions cutting back staff if the Dodd-Frank delay bill fails to pass turned out to be topic No. 1 at the newly streamlined annual convention of the Credit Union League of Connecticut on Tuesday.

Marking one of the largest recent mergers in the Atlanta market, the $640 million Georgia United CU and the $205 million State Employees CU, both of Duluth, Ga., said today they expect to finalize a consolidation effective May 1.

Low-income credit unions can apply for grants to fund financial literacy initiatives aimed at students, the NCUA announced today.

WASHINGTON - The Senate’s No. 3 Democrat said today there is a “decent’’ chance his chamber will pass Sen. Mark Udall’s bill to raise the cap on member business lending to as much as 27.5% of assets.

Businesses are getting hit hard by online fraudsters and they’re moving their business because of it, according to a new report.

The $730 million Motorola Employees Credit Union in Schaumburg, Ill., is now offering its 39,000 members mobile access through downloadable apps, SMS text banking and a Web-based universal mobile browser.

NAFCU will endorse GOP-backed legislation to have the new Consumer Financial Protection Bureau governed by a five-member board and allow its decisions to be overturned by majority vote of a council of regulators.