With the advent of the GOP winning back control of the House of Representatives, credit unions can expect a more temperate climate on Capitol Hill, even efforts to roll back some of the financial reforms enacted by an activist Democratic Congress the past two years.

Unlike other House Republicans, Rep. Ed Royce is not looking to repeal outright the Dodd-Frank regulatory reform law, but the California lawmaker is likely to try and clip its wings.

MECHANICSBURG, Penn.-To help members battle high healthcare costs, AmeriChoice FCU is handing out the RxCut Plus Card, which reduces prices for prescriptions, laboratory tests, and diagnostic medical imaging.

Cloud Computing Compels Attention

LAS VEGAS-Standing next to a graphic showing the logos of well-known companies that have foundered or disappeared in recent years, Rich Weissman, CEO of database company DMA, said there's a question leaders must ask themselves: How did that happen?

WEST PALM BEACH, Fla.-Faced with shrinking ROA and growing compliance demands, credit unions and leagues are collaborating to devise solutions to keep small CUs in business.

Arguably the most outspoken, staunchly conservative member of the House Financial Services Committee, Rep. Jeb Hensarling appears eager to help shape the panel's agenda next year.

Two CUs Add New Mobile Offerings

DES MOINES, Iowa-Natural-person credit unions have relied on corporate CUs to be a clearinghouse for capital. The problem, noted Jeff Russell, EVP of The Members Group, is that credit unions eventually became overly reliant on that structure.

RUSSELLVILLE, Ark.-Nancy Mattox believes unrelated business income is what will carry small credit unions through their current problems.

FANNIE MAE PLAYS HARDBALL IN MORTGAGE FRAUD CLAIMS

ERIE, Penn.-Eleven small Pennsylvania CUs have formed a working group to help each other grow.

CUNA Raises Concerns On Corp Plan

Ex-WesCorp CEO Siravo Calls Charges A 'Sideshow'

Though the House GOP is certain to hold numerous hearings and conduct rigorous oversight of implementation of the Dodd-Frank law, their ability to change or overturn it is muted so long as the Democrats control the White House (and possibly the Senate).

While reforming the government-sponsored enterprises was always going to be a hard battle for the Obama administration, its job will be even tougher now.

LAS VEGAS-After making the difficult decisions to close two branches and lay off 18% of its staff in 2009, Bay Federal Credit Union is embarking on an overhaul of how it prices its products according to the member who is using them.

FEDERAL WAY, Wash.-NCUA's decision to limit corporate CUs from offering longer-term investments may have opened the door for a new form of credit union cooperation.

ONTARIO, Calif.-The California and Nevada CU League is making compliance the initial focus of its CU Roots CUSO.

SAN FRANCISCO-A new Javelin Strategy & Research report finds that traditional authentication methods used for online banking do not work for mobile banking and new approaches are needed that exploit mobile phone security features.