In This Issue
MARCH 11,  2014 
In the Media
stories collected between
March 2-10, 2014
This collection of news about credit unions and their activities is assembled from a variety of sources on the Internet and from credit union submissions. Note: links used here are external and the League does not control their expiration dates.
 
To share news from your Indiana credit union: send story links to Kay Neidlinger. You can also read more about credit unions' community service efforts--and contribute information at the  Commitment to Change website.
Indiana Credit Unions in the Media
Source: Credit union submissions and Internet news reports. Some stories may require passwords for access.
This column mentions Partners 1st FCU's announcement of its merger with Huntington Schools FCU.
Indy Star - by Kristine Guerra 3/8/14
Financial Center FCU has made a donation to help fund this project.
WCSI News/Talk 1010 - 3/7/14
Centra Credit Union was honored by the United Way of Bartholomew County.
WXIN FOX 59 - 3/6/14
FORUM CU's Andy Mattingly appears on Fox 59's "Money Matters."
Three Rivers FCU is holding a shred day along with other community members.
National and Wide-Reaching Coverage
Source: Credit Union National Association and other national sources. Some stories may require passwords for access.
Bloomberg Politics - by Richard Rubin 3/4/2014
"We're very, very pleased with this very big, big win," said John Magill, executive vice president for government relations at the Credit Union National Association, whose members benefit from a tax exemption worth $700 million this year that wouldn't be repealed under Camp's proposal. "The tax exemption is our very heart and soul." Camp's draft, released last week, isn't likely to become law this year. Instead, it provides a marker in the debate over revamping the tax code and a template for future proposals.
At the other end of the spectrum, most credit unions will allow you to open a Roth IRA with that same $25 minimum myRA will have, reports Bill Hampel, chief economist of the Credit Union National Association. "The MyRA is in essence, a formalized version of what most credit unions already offer," he says. Moreover, if you schedule an automatic transfer from your checking account, or if your HR department allows you to set up an automatic transfer from your paycheck before it hits your checking account, you can have amounts as small as $25 or even $5 per pay period regularly transferred into that credit union Roth - again, much like the myRA. But the yield on these accounts will be low, because your retirement savings will be in a money market account or certificate of deposit that will likely pay less than 1%.
MSN Money - by Geri Detwiler 3/3/2014
Members of the Consumer Bankers Association (CBA) and the Credit Union National Association (CUNA), say they have replaced 21.8 million of the 40 million compromised cards to date. Presumably, those new cards will be reported to the credit reporting agencies. Does this mean your credit scores may take a hit just because you were a data breach victim?
Housingwire - by Brena Swanson 3/3/2014
Credit unions are forging into this year's tighter lending environment with a strong 2013 report under their belt after witnessing growth in several key indicators, including first mortgage loans, the National Credit Union Administration said in its 2013 report.
The Washington Post - by Abha Bhattarai 3/2/2014
On Wednesday afternoon, Rep. Dave Camp (R-Mich.), chairman of the House Ways and Means Committee, introduced a new corporate tax reform plan. The proposal, which would raise taxes for the largest banks, exempts credit unions from paying federal taxes as long as they are nonprofit entities. If passed, the measure would go into effect Jan. 1.

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