WASHINGTON-As the Utah Credit Union League and America First Credit Union of Ogden, Utah, approached their representatives on the Hill, the credit union representatives knew exactly what they came to achieve. The small credit union group that had traveled almost the entire way across the country wished to thank their...

WASHINGTON-In a recent letter to Senate Appropriations Subcommittee on VA, HUD, and Independent Agencies Chairwoman Barbara Mikulski, NAFCU urged the subcommittee to remove the $600 million borrowing cap on the Central Liquidity Facility (CLF), or if not possible, at least set it at last congressional session's $1.5 billion. The letter...

WASHINGTON-While many like to blame the government for the plummeting national savings rate, personal savings plays a major role. Since the 1960s, the personal savings rate has dropped from 8.3% to -0.1% in 2000, according to a recent study by the Government Accounting Office (GAO). To put these numbers in...

WASHINGTON-Senate Majority Leader Tom Daschle (D-S.D.) has expressed his interest in naming conferees to the bankruptcy reform legislation, but he will not be able to until the Senate reorganization is complete, which does not look so promising. According to CUNA Vice President and Senior Legislative Counsel Gary Kohn, "Hopes of...

WASHINGTON-As CUNA President and CEO Dan Mica celebrates his five-year anniversary with CUNA July 1, he's looking to the future. Not only is he examining CUNA's future, but also his own, and he sees himself with CUNA for the next five years. "In my first five years at CUNA, any...

WASHINGTON-After nearly a year's wait, the Renaissance Commission has handed over its recommendations for CUNA's legislative and regulatory pursuits to the board of directors. The commission's suggestions include both short and long-term goals to be voted on by the board shortly after press time. "I feel very good about it...

NEW ORLEANS - In a speech before the 27th annual meeting of the National Federation of Community Development Credit Unions (NFCDCU), acting NCUA Chairman Dennis Dollar emphasized that the agency is looking for ways to better serve small and low-income credit unions through its Office of Credit Union Development. After...

WASHINGTON -In a comment letter to Treasury Secretary Paul O'Neill, CUNA offered up its "strongest support" for the proposed review of the compliance burdens associated with the Bank Secrecy Act (BSA) and the regulation promulgated under it. According to CUNA Associate General Counsel Mary Dunn, CUNA has been asking for...