ISLAMABAD, Pakistan–The man who led the World Council of Credit Unions’ project in Afghanistan and who later went into hiding before being captured and interrogated by the Taliban, is now in Pakistan with his family and hoping to restart his life with credit unions in Wisconsin.
ST. PETERSBURG, Fla.—One person still remembers the “magnitude” of a decision. Another recalls just what the “fax generation” was able to do. A third says no one should ever forget Frank the hot dog vendor and some other little-known facts. And all of them remember that and more in the fight to get a historic piece of legislation passed.
WASHINGTON—For three credit union leaders involved in the fight to pass the Credit Union Membership Act a quarter-century ago, those were days of determination driven by being laughed at, frustrations over initially disjointed efforts, and results that left at least one person on a “PR high.”
BIRMINGHAM, Ala.–A quarter of a century has passed since the signing of the Credit Union Membership Access Act (CUMAA)--a political feat of near-Biblical proportions for CUs—but as one person emphasizes, what it has meant to credit unions is as apparent as ever today.
WASHINGTON–CUNA and NAFCU may have just announced a plans to merge, but the idea of the two sharing “one big tent” isn’t new, as one person recalls all too well. Indeed, had they not earlier shared that tent, it’s possible one or both of the organizations might not be around today.
WASHINGTON–Twenty-five years ago this week the world for credit unions in the United States changed in a fundamental and existential way.
WASHINGTON–Just what will the proposed merger between CUNA and NAFCU mean to individual credit unions? A survey by CUToday.info of CEOs across the country has found generally neutral to positive reactions, with many taking a wait-and-see approach, but others having concerns over a lack of “checks and balances,” compensation paid to association executives, and fewer resources for smaller credit unions.
SCOTTSDALE, Ariz.—If the Credit Card Competition Act is ever passed into law, expect issuers to make up for lost interchange with new types of fees and higher rates—and don’t expect merchants to pass along any potential savings, a new analysis is predicting.
RANCHO CUCAMONGA, Calif.—As Co-op Solutions finalizes its buy now, pay later (BNPL) solution for credit unions, the CUSO is saying the fast-growing payment alternative will likely serve credit unions best as a member retention vehicle.
LOMBARD, Ill.—The number of new cars available for sale is driving up projections for annual new units sold in 2023—with some forecasts expecting the figure to reach 15.5 million. But that may not be all good news for lenders, one analyst is saying.
