Update on IRS Notices Regarding Credit Unions’ Tax-Exempt Status

Last Week, Bill Cheney sent a letter to the Internal Revenue Service urging the agency to take immediate action to correct a very serious error that has resulted in the purported revocation of the tax-exempt status of a number of credit unions that have been diligently filing Form 990 information … Read More

Fox News Interview with CUNA CEO Bill Cheney on MBL

Credit Union National Association (CUNA) President/CEO Bill Cheney was recently interviewed on Fox News regarding Member Business Lending.  Cheney noted that credit unions “are ready to do more” to help the economy; they just need Congress to act by increasing the member business lending cap to make more capital available to … Read More

Federal Reserve Issues Final Rules For Amended Risk

The Federal Reserve recently issued final rules requiring credit unions to provide an amended risk based pricing notice that includes a credit score if that information is used to set material terms of credit.  Similarly, the Federal Reserve issued a final rule requiring credit unions to provide an amended adverse … Read More

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News Releases

Credit unions may submit a news release to be published online by sending it to Patti Hazlett or Tim Dore.  08.05.2014 100 Million Memberships Reached at Credit Unions Nationwide 08.05.2014 Reliant Federal Credit Union Hosts Color Me Hungry 5K Run/walk to Benefit The King’s Portion 07.10.2014 – Longtime SSFCU Branch Manager Retires 07.10.2014 – Security … Read More