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KENSINGTON, Md.-Lafayette Federal Credit Union President and CEO and NAFCU Board member Bill Brooks is resigning to form a consulting firm, CU Prosper, to help with mortgage lending, member business lending and other credit union issues. Brooks is working with others in the industry to start the firm. "We'll hopefully...

AurGroup Financial Credit Union, Fairfield, Ohio, has raised over $7,000 for Diabetes research during its "End of Summer Beach Party" at the Fairfield Aquatic Center. Some 100 residents attended and enjoyed various activities, including some extravagant gift basket raffles. To top off the festivities, AurGroup FCU's hula girls entertained guests...

OTTAWA, Canada - Appearing before the House of Commons Standing Committee on Finance in pre-budget consultations, Credit Union Central of Canada recommended the government take action in four areas when it releases its next Federal Budget - debt reduction, Farm Credit Canada, BSE (mad cow disease), and Competition Bureau fees....

MADISON, Wis. - The IRS' Unrelated Business Income Tax snuck up on some credit unions this year when a flurry of audits cropped up around the country. The UBIT Coordinating Group wants all interested CUs to know the facts. The group, which consists of CUNA Mutual Group, NASCUS, the American...

WASHINGTON - The Department of Housing and Urban Affairs (HUD) has published a new brochure, "Don't Be a Victim of Loan Fraud - Protect Yourself from Predatory Lenders" to educate consumers on how to avoid becoming victims of predatory lending. The brochure is not just targeted to those consumers with...

LENEXA, Kansas - U.S. Central is proposing a change to its board structure that adds more corporate CEO seats while still giving non-corporate CU members a voice. Some of the largest corporates however want corporate CEOs to make up the entire board. They are also questioning whether some U.S. Central...

ARLINGTON, Va. - The 113 credit unions that participated in NAFCU's October 1 audio conference on risk exposure in a time of rising interest rates heard officials from Fannie Mae and the NCUA urge them to take care that they are not overly exposed to possibly rising interest rates. The...

OLYMPIA, Wash. - The Division of Credit Unions of Washington State's Department of Financial Institutions recently approved changes to its merger manual used to guide credit unions through the process of merging with another CU. The changes involved three areas: clarifies the content of information provided to members for them...