The Texas State Supreme Court has ruled illegal two major provisions of the state's home equity rules, the latest setback in a two-decade battle. The state's highest court ruled that the Credit Union Commission and the Finance Commission went too far when modifying loan fee caps and allowing loan closings through an agent.

Credit union board members have traditionally worked for free. But being a "volunteer" is becoming more lucrative, with directors in some states earning upwards of $90,000 a year to serve.

Begala To Keynote Caucus

Throughout America's Credit Union Conference this week, participants will see wide and varied reference to two crucial initiatives CUNA is currently pursuing: Unite for Good and Don't Tax My Credit Union.

It's a semi-well known piece of Americana that one of the so-called forefathers of this country, John Adams, had predicted that July 2nd was destined to be a great American holiday, and that people nearly 250 years later would be saying things like, "Lit up like Second of July fireworks."

Every now and then someone adds his or her two cents to a concept and inadvertently creates what could be a million-dollar idea.

A selection of images featuring credit unions’ efforts in their communities.

LIVONIA, Mich. – The Michigan CU League said today it is completing the combination of its two very successful CUSOs, CUcorp and CU Solutions Group.

NORRISTOWN, Penn. – The former chief executive at United Food and Commercial Workers Local 1776 FCU on Friday was convicted in state court of stealing $1,342 from the credit union by writing credit union checks to herself.

BROCKTON, Mass. – HarborOne CU, a one-time credit union for shoe manufacturing workers, will officially become a mutual savings bank Monday, HarborOne Bank, in the biggest credit union conversion ever.

NEW BERLIN, Wis. – Landmark CU announced that Barbara Campbell, who headed Dodge Central CU before it was acquired by Landmark earlier this year, will retire Nov. 30.

CHICAGO – First Northern CU will be expanding into a former Bank of America location in Evanston.

LOUISVILLE, Ky. – Class Act FCU has acquired and is renovating a former branch of Fifth Third Bank, which will be the credit union’s fifth service facility.

BURLINGTON, Vt. – The former CEO of Border Lodge CU last week pleaded innocent to charges she embezzled “hundreds of thousands of dollars” from the tiny credit union run out of the CEO’s home that was seized by regulators in November.

WEST PALM BEACH, Fla. – Credit Union Journal is now calling for nominations and entries for its 2013 Best Practices Awards.

NEW YORK – The landmark antitrust settlement with Visa and MasterCard took another turn last week with a new antitrust suit filed against the credit card giants by 7-Eleven stores and 30 other major merchants, including Amazon, Costco, Crate & Barrel, Dick’s Sporting Goods, Foot Locker, the Gap and Panera Bread.

ALBUQUERQUE, N.M. – The CU Association of New Mexico has partnered with computer game maker Media Genesis to create a game for iPhones and iPads to add value to its Kirby Kangaroo Club, a program that introduces kids to savings.

WASHINGTON – NAFCU Friday called on NCUA to support a new regulatory relief bill introduced in Congress just hours before, which would, among other elements, create a risk-based capital system for credit unions.

NEW ORLEANS – NCUA this evening shuttered Oschner Clinic FCU, a $9 million credit union serving Ochsner Clinic Foundation and Ochsner Health System and assigned the assets of the year’s tenth credit union failure to ASI FCU.

ALEXANDRIA, Va. – NCUA this afternoon barred from credit unions a former teller at Cinco Family Financial Center CU who stole more than $600,000 from the credit union over nine years in bundles of $100s she disguised by stuffing the middle with $1s.