Those are among the red flags raised in the early comment letters filed with the NCUA on the proposed corporate credit union rules that the NCUA sent out for comment last month.
ALEXANDRIA, Va.-- Board members of federal credit unions will only get limited exemption from being sued for some of
Regulators pulled the plug on a Salt Lake City credit union that had been a candidate to change its charter to that of a mutual bank.
The budget shortfalls harshly affecting a number of state governments over the past two years seem, for the most part, to have spared credit union regulation any sharp impairment.
The five members who are suing the NCUA for what they claim was negligence on the agency's part in the collapse two years ago of New London Security Federal Credit Union will have to wait to recover any monetary damages.
With an eye on the future, since 2005, America's Credit Union Museum has been quietly doing its part to help the next generation become more financially savvy with its CU 4 Reality Financial Education Program.
ProDraft Services Inc. has hired Doug Wolf, the former president/CEO of Midwest Corporate Federal Credit Union, as the payment processing CUSO's new vice president, effective Dec. 1.
CU Village and its sister company, HRN Management Group, will merge in January 2011 and will now be known under a new name and brand, CU Solutions Group.
A startup credit reporting firm is offering consumers a way to have their routine payments build up their credit scores while earning rewards.
CUNA's and NAFCU's political action committees spread their financial largesse generously this campaign cycle, though they have been raising and spending less than they did two years ago,
Ask senior executives and board members what their greatest challenges are and the responses continue to range from recruitment to board education, and that doesn't seem to be changing anytime soon.
Not only has the iPad topped Oprah's list of Favorite Things, but in 2011 it may begin to gain popularity among CUs.
Several credit unions in the Dakotas have the distinction that many of their peers elsewhere probably wished they had: a permanent exemption from the member business lending cap.
It's either the newest thing in online delivery of a dizzying array of services to the masses and back office alike, or it's really nothing new, depending on who you ask.
Every year at this time, this space is reserved for predictions. Last year when I made mine, I must have been in a sour mood for they were downright bleak.
As we move into 2011, I would like your readers to know there are good news stories to tell about credit unions-stories that aren't always getting the notice they deserve.
NCUA is calling on Congress to extend the statute of limitations for bringing charges against officers and directors of failed credit unions. What's troubling
I appreciated Sarah Snell Cooke's Editor's Column in the Dec. 1 issue ["Money Doesn't Grow on Trees"]. I gave a similar message in e-mails to all of our
Washington State Employees Credit Union created Q-Cash, a payday loan alternative, after tellers noticed checks were cashed on the line for common payday loan amounts and
The seeds for this year's shakeup-or convulsion-of the nation's corporate system may have been sown in 2007 and 2008 with the subprime debacle.
When doing the first major overhaul of corporate credit unions in eight years, the NCUA covered the regulatory waterfront.
It was a shock and it was unprecedented. The NCUA hammer brought down on the legacy assets held by the corporate system during 2010 caused it to reel as never before.
Credit unions and other financial institutions are likely to face an added regulatory burden as a result of the regulatory overhaul bill passed by Congress this year.
This year will go down as the one in which the real estate and mortgage markets in many areas moved from a sense of crisis to one where credit unions began to find a little bit of stability.
Even though the vast majority of credit unions never abused credit card holders the way many big bank issuers did,
The year 2010 will be remembered as when the federal government got involved in how much interchange banks and credit unions earn on their debit card transactions.
Credit unions lost one of their strongest congressional allies this year and will have to deal with more Republicans in both the House and Senate next year.
It was a little more than a year ago when the NCUA threw its support behind an advisory that encouraged workouts on commercial real estate loans.
As small business owners looked to their bankers for relief, some got the cold shoulder to requests for lines of credit increases and loan modifications.
That's been the case this past year in credit union technology. That old saying is also considered a back-handed curse,
By most accounts, 2010 should have been a barn burner in the number of credit union mergers, based on rising assessments, the corporate crisis and a bad economy hitting a large part of the country.
There were plenty of high-profile merger deals in 2010 highlighted by big West Coast combinations accompanied by voluntary and involuntary consolidations plus conservatorships.
Digital Federal Credit Union, Marlborough, Mass., appointed Scott Auen to the position of vice president of mortgage lending.