Corporate America CU purchases Smart Source Solutions CUSO.
November 23, 2010
NCUA reports that it’s transferring the assets of Constitution Corporate to Members United Bridge Corporate Federal Credit Union, Warrenville, Ill. Members United will assume Constitution’s members, shares, and business processes to ensure ongoing service to the credit unions and their consumer members.
Household spending increases gradually, but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit.
October 4, 2010
Economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels for the federal funds rate for an extended period.
CUNA wrote in support of legislation Monday that is a step forward in addressing the threat of litigation under the Americans With Disabilities Act, urging legislators to consider how credit unions are being impacted by frivolous litigation.
After weeks of hurricanes, and now wildfires, it’s more important than ever for credit unions to be prepared for disasters. Federally insured credit unions are required to have disaster recovery and business resumption plans.