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ALEXANDRIA, Va.—NCUA’s field of membership proposal had drawn 10,500 comments by Tuesday morning, NCUA reported.

State Bankers Letter To Congressional Taxation Committees On NCUA's FOM Proposal

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Fifty-three state bankers associations wrote to the congressional taxation committees on Feb. 5 and urged them to “investigate the tax implications of the latest increase in powers” NCUA has proposed for credit unions.

American Bankers Association Comment Letter On NCUA FOM Proposal

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The American Bankers Association contends FOM rule would render the concept of a common bond between credit union members “meaningless.”

LONG BEACH, Calif.-- LBS Financial Credit Union employees donated hundreds of toys, gifts and clothing to the women and children assisted by WomenShelter of Long Beach at The Grand in Long Beach during its annual holiday breakfast. 

 

PEWAUKEE, Wis.–Credit unions in Wisconsin have provided more than $1 billion in depositor savings over the past decade, and in just the past year $3 billion in small business loans, 500,000 hours of free financial counseling, 64,000 volunteer hours, $1 million for local causes and more than 100 youth-run branches, according to the Wisconsin CU League.