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CONCORD/MANCHESTER, N.H.–More than 600 eighth grade students from Rundlett, Bow, Gilford and Chichester Middle Schools made real-life decisions to teach them financial skills during the CU 4 Reality Financial Literacy Fair at New Hampshire Technical Institute in Concord sponsored by NH Federal Credit Union in conjunction with St. Mary’s Bank.

WASHINGTON—Credit unions will make more MBL loans thanks to the passage of S 2155, and will face less paperwork when writing loans for non-owner-occupied dwellings with up to four units.

SAN DIEGO—Rabobank, a California subsidiary of the Netherlands-based Cooperatieve Rabobank U.A., has been fined $500,000 for anti-money laundering violations.

WASHINGTON—The Treasury’s Financial Crimes Enforcement Network (FinCEN) should continue to work with the financial services industry as any issues with implementation of its customer due diligence (CDD) rule arise, CUNA stated in a letter to the House Subcommittee on Terrorism and Illicit Finance.

LOMBARD, Ill.—One expert insists that any time a credit union finds itself with extra funds during the course of its budget year, the first thing to do is to consider the membership, since they are the owners.