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WASHINGTON-The defendants in a lawsuit brought by the American Bankers Association and others have briefed the court on the improperness of allowing for discovery in essentially what is an appellate case. According to the brief filed by NCUA, CUNA, NAFCU, the Utah League of Credit Unions, and three Utah credit...

ALEXANDRIA, Va.-After nearly two years of waiting, the U.S. District Court for the District of Columbia finally decided to dismiss a lawsuit brought by the National Community Reinvestment Coalition against NCUA regarding its interim final rule repealing the Community Action Plan. NCRC had alleged that NCUA was in violation of...

PORTLAND, Ore. - Organizers of the move to challenge Columbia Credit Union's vote to become a state chartered mutual thrift plan to use newspaper ads, a Web site and word of mouth to try to mobilize opposition to the conversion, according to Tony Ward-Smith, a noted credit union consultant and...

WASHINGTON-Federal Reserve Board Governor Donald Kohn has requested that NAFCU, in its annual presentation to the board, include information on credit unions' tax-exempt status. NAFCU's meeting is scheduled for 11 a.m. on Dec. 18 with Kohn hosting the meeting. Other items for the agenda include the financial health of credit...

HOUSTON - Although no credit unions are among the beta testers for the cards, credit unions are among the financial institutions awaiting PULSE's new stored value product. The Houston based PULSE EFT Association is the only member owned ATM and EFT network in the country that has both credit union...

HIGHTSTOWN, N.J. - Twice as many credit unions in New Jersey are using CUNA's Project Zip Code, a grassroots lobbying tool, than were using it just six months ago. The New Jersey Credit Union League reported that in July 2003, eight CUs had matched their member data using the software,...

PORTLAND, Ore. - When Portland Teachers Credit Union and Oregon Community Credit Union revealed that discussions were underway to potentially create the largest merger in the movement's history, the news could have been kept behind closed doors. Instead, both credit union boards deliberately chose to keep their employees and members...

JACKSONVILLE, Ark. - More than just the holidays, this is that time of year again when it literally pays to be a credit union member. This year Arkansas Federal Credit Union members will receive an end-of-the-year windfall in the form of a 2% bonus dividend. This marks the seventh time...