Monday, July 23, 2012

VSECU Ponders Switch to Federal Charter in ‘Bank’ Ad Dispute

State regulator calls for cease and desist order..The $600 million Vermont State Employees Credit Union, which is embroiled in a legal challenge over the use of the term “banking” in its advertising, appealed Friday for member and public support for its cause, warning an unfavorable outcome could lead to a switch to a federal charter...VSECU Ponders Switch to Federal Charter in ‘Bank’ Ad Dispute:

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The Statutory Lien and How to Use It.

Have you ever had a member who refused to make payments on a loan? Well, a federal credit union can use a statutory lien to claim a member...