AUBURN HILLS, Mich. – Invest in America, a Michigan-league program that offers CU members savings on products and services, reported the 500,000th vehicle has been sold through the program.

WASHINGTON – The Consumer Financial Protection Bureau has released a guide detailing how its examiners will review any private student lender to ensure compliance with applicable consumer financial laws.

ALEXANDRIA, Va. – NCUA is projecting an NCUSIF premium range in 2013 of 0 to 5 points of insured shares, and a Stabilization Fund assessment range of 8 to 11 basis points of insured shares. The combined projected range is 8 to 15 basis points, according to the agency’s new forecast.

LOS ANGELES – Credit union CEOs who were eligible for a raise saw base pay levels increase by a national average of 6.62%, up slightly from 6.54% last year, according to Executive Compensation Solutions’ 9th annual compensation salary for the credit union movement.

State credit union leagues in Arkansas, Oklahoma and Texas said they plan to merge, creating a new association to be known as the Cornerstone Credit Union League.

Members of OMNI Community Credit Union will again pick up their year-end Cashback Rebate, bringing the program's five-year total to $4 million.

WICHITA, Kan. – NCUA this morning sued Bear Stearns & Co., now a unit of JP Morgan Chase, over the sale of mortgage-backed securities to four corporate credit union failures, the 11th Wall Street bank targeted for culpability for the corporate debacle.

It may be that the flood of new members to credit unions in 2012 is coming at a price.

PEORIA, Ill.-A number of credit unions last week announced new year-end bonus dividends.

A massive study of consumer credit reports released last week found consumers had disputed up to 38-million items on their reports during 2011.

While most of the attention last week was on how credit unions helped to kill in Congress any extension of the Transaction Account Guarantee (TAG) program, which expires at the end of the year, there was less attention being paid to how it creates the potential for billions of dollars of checking deposits to be on the move.

CUNA last week was reassuring users of its website that no sensitive personal information fromcuna.org was accessed or otherwise compromised in a hacking attack that affected at least 30 or more organizations.

Great Lakes CU believes female car buyers are being ignored by lenders and is aggressively pursuing women with a unique marketing approach.

After eight years in operation, the last six profitable, Northeast Member Business Services has announced plans to shut down due in part to what it perceives is a changing member business lending (MBL) regulatory landscape.

Northeast CUSO, which is shutting down operations after determining its six owners were ready to pursue member business lending on their own, has offered some advice on what CUs should consider before making the decision to forego a CUSO.

MECU Pays Another Bonus, Plans Yet Another In Dec.

CHICAGO and MADISON, Wis.-The Filene Research Institute last week said it was joining with QUEsocial, a social business enablement platform, on a partnership to provide CUs with tools and resources needed for their employees to use social media as an "effective every day work tool." The two organizations plan to pilot with at least 50 credit unions in January the QUEsocial platform.

WOODBRIDGE, Va.-Should the U.S. actually fall off the much discussed "fiscal cliff," Belvoir FCU announced last week it was standing by at the bottom ready to help.

SPRINGFIELD, Ill.-The Illinois General Assembly (IGA) has passed SB16, a measure that establishes a "fast track" expedited foreclosure process to help address the issue of abandoned residential properties in Illinois. The Illinois league reported that passage of the bill followed two years of negotiations in which it played a "key role." The bill now awaits Illinois Gov. Pat Quinn's signature.

SWBC Approved As GNMA Issuer