CHARLOTTESVILLE, Va. – The announcement by NCUA that it had doubled the number of credit unions eligible for a low-income designation, which would allow, among other consequences, exceptions to the Member Business Loan cap, only affects approximately a quarter of the 1,001 CUs included under the expanded eligibility, according to a new analysis.

MONTPELIER, Vt. – A pre-conference hearing is scheduled for today in the legal battle between Vermont State Employees CU and the state’s Department of Financial Regulation over the use of the words “bank” and “banking.”

ST. HELENS, Ore. – St. Helens Community Federal Credit Union has scheduled a special meeting of members on Sept. 4 in response to a petition calling for a recall of up to five of its seven board members.

NEW YORK – A new listing of the 50 safest banks in the world has found U.S.-based banks make up just 10% of the list.

TAMPA, Fla. – Suncoast Schools FCU signed a contract extension with CO-OP Financial Services, and is upgrading to MemberPayPlus, the premium, fully hosted version of CO-OP Bill Pay.

BURLINGTON, Mass. – Vertifi Software, a CUSO owned by Eastern Corporate FCU, said six more CUs have signed on to its DeposZip Mobile remote deposit capture solution.

SAN FRANCISCO – Wells Fargo has formed a group dedicated to serving residential developer customers on the East Coast, Texas and in the Midwest.

GROTON, Conn. – Employees at Charter Oak Federal Credit Union gave nearly $52,300 during the credit union’s one-week United Way of Southeastern Connecticut Campaign, setting a new record with 84% employee participation.

ARLINGTON, Va. – Martin Breland, president and CEO of $2.6-billion Tower Federal Credit Union, Laurel, Md., has been named to the NAFCU board as a Region II director.

WASHINGTON – The Treasury Department has named Jennifer Shasky Calvery as its new director of the Financial Crimes Enforcement Network.

DENVER – NCUA Board Member Michael Fryzel is calling on credit unions to make a “national priority” out of providing assistance to military veterans.

BIRMINGHAM, Ala. – As the CFPB focuses on overdrafts, former NCUA Chairman Dennis Dollar is hoping the agency does not send the credit union business model back in time.

CHARLESTON, W.Va. – Peoples FCU CEO Tom Brewer on Monday told a congressional panel the growing number of regulations – especially the torrent of rules that continue to result from the Dodd-Frank Act – are burying credit unions under a massive compliance burden that is particularly damaging to smaller credit unions.

Of all the fundraising credit unions do for Children's Miracle Network, no event is more high profile than the annual Cherry Blossom Ten Mile Run.

Since 1996, credit unions across the nation have collectively raised more than $100 million for Children's Miracle Network hospitals, a significant amount of money. But now CMN is setting an even bigger goal for the next decade: to raise $1 billion in one year.

How credit unions around the country raise funds for Children's Miracle Network.

Credit unions considering reissuing plastic to make the move to EMV might want to include contactless in the upgrade.

Tech CU Members Hold Rally To Oppose Conversion

Credit union board members are being reminded to get their liquidity plans in order, while also preparing for an iffy recovery in the economy.

A new report from Javelin Strategy & Research estimates that consumers transferred more than $195 billion in 2011 using online, mobile, and other electronic channels.