November 20, 2009 Members United Corporate Federal Credit Union today announced a nearly $150 million net loss for October 2009, split almost evenly between U.S. Central Federal Credit Union capital losses and other-than-temporary impairments....
November 20, 2009 J. Benson Porter, chief executive officer at the $2.4 billion Addison Avenue Federal Credit Union, was elected to the board of the Federal Home Loan Bank of San Francisco earlier this week. Porter said he will begin serving his four-year term Jan. 1....
November 20, 2009 Kent Buckham, who has held several key positions at the NCUA, has been chosen to be the first director of the agency’s Office of Consumer Protection....
November 20, 2009 As the credit union industry touts its reputation for its treatment of members, some banks fall short on how they treat their small business customers. ...
November 20, 2009 Credit union employees who want to learn how to comply with the Home Mortgage Disclosure Activity reporting requirements that recently went into effect can participate in NAFCU’s Dec. 2 Webcast on the subject....
November 20, 2009 Adapting to the times can mean identifying and forging new partnerships within the communities served....
November 20, 2009 The blog network has a new credit union entry this month from an out-of-work CU marketer from Illinois, whose weekly radio internet show, “CU Chat Up” is gaining some high profile attention....
November 20, 2009 Members Cooperative Credit Union has become the first in Minnesota to join the network of credit unions using the Fynanz Inc. turnkey private student lending platform, the company said....
November 20, 2009 Less than a week before Thanksgiving the six-year old, credit union-run “Operation Best Wishes” campaign to support the troops is on an expanded nationwide roll managing to struggle without financial backing of its major benefactor, WesCorp. ...
November 20, 2009 The fallout from the recession continues to trigger more credit union mergers....
November 20, 2009 Financial institutions with assets of less then $50 billion wouldn’t have to pay into a fund aimed at rescuing large companies deemed “too big to fail,” as a result of an amendment passed by the House Financial Services Committee yesterday....
November 19, 2009 CUNA and NAFCU said the 13% budget increase approved by the NCUA Board today was excessive given the financial difficulties facing many credit unions....
November 19, 2009 CUNA, NAFCU and NASCUS said there were few surprises in the proposed corporate credit union rules that the NCUA Board sent out for 90 days of public comment today, but pledged to examine them carefully and submit comments to the agency....
November 19, 2009 Corporate credit unions would higher capital requirements, more limits on the type of investments they can make and more disclosure requirements for the executive and board compensation under proposed rules that the NCUA sent out for public comment today....
November 19, 2009 ALEXANDRIA, Va. — NCUA CFO Mary Ann Woodson told the board today that as a result of the sluggish economy, 5.58% of all insured shares are in credit unions with CAMEL 4 or 5 ratings and there are 337 credit unions with such ratings.
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