NAPERVILLE, Ill. - (04/25/06) The Midwest Association of CU,one of the last remaining non-CUNA-affiliated state tradeassociations, is no more. The group, which once counted almost 200credit unions among its membership and boasted an independentlobbying operation, said Monday it will add its 59 remainingmembers to the Illinois CU League, bringing the CUNA-affiliatedleagues membership to 430 credit unions. Both tradeassociations have been exploring a combination for some time, withMACUs membership voting in December of 2005 in favor of sucha merger, which is to be completed May 1. Joni Senkpeil, CEO ofMACU, will join the Illinois league on May 1 as its Director ofSmall CU Development.
-
The Office of the Comptroller of the Currency and 10 former officials filed amicus briefs that provide legal heft to banks battling the state of Illinois over a law that removes sales taxes and tips from interchange fees.
7h ago -
Federal Reserve Chair Jerome Powell, in a post-FOMC meeting Wednesday, said he intends to stay at his post until a successor has been confirmed, adding that he will remain on the Fed board until a Justice Department investigation into him is concluded.
7h ago -
Sen. Cynthia Lummis, R-Wyo., one of the most pro-crypto lawmakers in Washington, said any compromise on stablecoin yield would have to be limited to prohibiting rewards for stablecoin holdings rather than a broader ban.
8h ago -
Fannie Mae and Freddie Mac's single-family updates include some roof coverage options somewhat similar to what's used in one of their other divisions.
8h ago -
Following similar glitches at Lloyds and the London Metal Exchange, a tech outage at UBS has renewed scrutiny on modern banking platforms.
8h ago -
Jurors determined that Aaron Luneke, the former chief financial officer of Bank of the Valley in Nebraska, obtained millions of dollars in loans — including from his own bank — by inflating contractor bills for a new car wash business.
9h ago











