Posts From December, 2010

Fed Proposes Troubling Interchange Fee Rule 

Friday, December 17, 2010 12:45:56 PM
WASHINGTON - The Fed on Thursday issued for public comment its proposed rules addressing interchange fees. The proposal, which was required by the recently enacted Dodd-Frank financial regulatory... read more
 

CUNA Mutual Releases December 2010 Credit Union Trends Report  

Friday, December 17, 2010 9:12:26 AM
CUNA Mutual Group recently released its December 2010 Credit Union Trends Report. The report, written by Dave Colby, CUNA Mutual Group's chief economist, is a general overview of the health of U.S.... read more
 

CUs Big and Small Represented at Monday's ELS Session 

Thursday, December 16, 2010 12:30:53 PM
JAMESBURG, N.J. - Three influential CEOs from credit unions of various sizes spoke at the last Executive Leadership Series session of 2010 on Monday. Twenty credit union leaders and professionals,... read more
 

Discover NJCUL's Money-Making Products at the Essex-West Hudson January Chapter Meeting 

Thursday, December 16, 2010 12:30:28 PM
HARRISON, N.J. - Join your credit union peers for a night of networking and money-making services and products available through NJCUL at the Essex-West Hudson Chapter Meeting January 10, 2011. NJCUL ... read more
 

ABCO FCU Receives Sprint Marketing Incentive Check  

Wednesday, December 15, 2010 12:41:40 PM
RANCOCAS, N.J. - NJCUL President/CEO Paul Gentile on Tuesday presented ABCO Federal Credit Union with a check for $11,758.85, the credit union's marketing incentive for its participation in the... read more
 

Assembly Speaker Replaces Scalera as Municipal Deposits Sponsor  

Wednesday, December 15, 2010 9:08:46 AM
TRENTON, N.J. - Assemblyman Fred Scalera (D-36), who introduced legislation to reform New Jersey's forty-year old municipal deposits law to enable local government entities to include credit unions... read more
 

CUNA Calls for NCUA to Share in Belt-tightening, Join Administration's Proposed Wage-freeze  

Tuesday, December 14, 2010 10:20:56 AM
WASHINGTON - In light of the significant "belt tightening" of many credit unions and the Obama Administration's proposal to freeze civilian federal workers' salaries for two years, CUNA continues to... read more
 

Fed to Unveil Debit Interchange Rule Thursday, Watch Live Webcast 

Monday, December 13, 2010 11:53:33 AM
WASHINGTON - The Federal Reserve Board announced that it will consider its interchange proposal at its December 16 meeting. The meeting will be Webcast live. The Fed's announcement, which includes... read more
 

Matz Testifies Before Senate Banking Committee on CU Industry Strength, Stability, Corporate Reforms 

Friday, December 10, 2010 12:04:02 PM
On Thursday, NCUA Chairman Debbie Matz answered questions posed by the Senate Committee on Banking, Housing, and Urban Affairs (Committee). Matz, in her opening statement, testified that NCUA has... read more
 

Chairman Matz Backs MBL Legislation During Senate Hearing  

Friday, December 10, 2010 12:00:11 PM
WASHINGTON - NCUA Chairman Debbie Matz on Thursday backed increasing the member business lending (MBL) cap for credit unions, saying that business lending, when done properly, is an important tool... read more
 
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