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NCUA Board to Deal with Mergers, Strategic Plan
The NCUA Board is scheduled to unveil a proposed rule on mergers and conversions at next Thursday’s meeting.
Missouri Highway Department Cuts Ties to 10 CUs
In a move apparently traced to the state’s budget shortfall, the Missouri Highways and Transportation Commission voted this week to sever ties and fire employees at 10 small credit unions located in district offices across the state.
Signs Show Another Banking Crisis May Further Freeze Credit Access
Another banking crisis possibly triggered by commercial real estate valuations and bank defaults and failures may do even more damage to credit access for small businesses.
Dodd Vague on Details of Regulatory Measure
Senate Banking Committee Chairman Christopher Dodd said today lawmakers are on a “positive and optimistic track,” in trying to reach an agreement on regulatory restructuring, but declined to discuss specifics of the bill he will introduce on Monday.
Sargent Reflects on Mega-Merger and Looks Ahead to Retirement
The retiring president/CEO of the soon-to-be-merged First Tech Credit Union in Oregon demurred whether peer CUs across the nation might also be looking at mega matchups.
On-Site Coverage: Corker Said He and Dodd Had Reached Agreement on Consumer Agency
WASHINGTON — Sen. Bob Corker said today before Senate Banking Committee Chairman Christopher Dodd decided to introduce his own bill, he and Dodd had reached an agreement that the new consumer regulatory entity would be housed in the Federal Reserve.
IRAs Quietly Climb to 10% of CU Deposits
While money market accounts were the star of the savings show for most of 2009, individual retirement account balances made a steady rise at credit unions.
Dodd to Unveil Regulatory Restructuring Bill on Monday
Senate Banking Committee Chairman Christopher Dodd (D-Conn.) said today that he will unveil his own legislation on revamping the regulation of financial services on Monday and his panel will mark up the bill the following week.
Bethpage Launches New Rebranding Effort
It’s time to meet Beth and Paige, the personalities of Bethpage Federal Credit Union’s new rebranding effort.
Addison Avenue, First Tech Chart $5 Billion Merger
Addison Avenue FCU of Palo Alto, Calif. and First Tech CU, of Beaverton, Ore., are planning a consolidation this summer creating a $5 billion institution using the First Tech name.
Felker: Credit Unions Still Asking Who Dropped the Corporate Ball
Charlie Felker, managing director of regulatory affairs at First Empire Securities, said credit unions haven’t stopped asking who’s to blame for the corporate crisis.
Melchionda: U.S. Central Hid Regulatory Waivers From Members
Eastern Corporate Federal Credit Union President/CEO Jane Melchionda has accused U.S. Central Federal Credit Union of withholding crucial information from its members in her Part 704 comment letter.
National Federation to Make $1 Million Available for CDCUs
The National Federation of Community Development Credit Unions will make an additional $1 million available to help community development credit unions attain enough capital to access other funds.
Embattled Former Lawmaker Massa Was MBL Bill Co-Sponsor
Former Congressman Eric Massa (D-N.Y.), who resigned this week in the wake of allegations about inappropriate behavior toward male aides, was a co-sponsor of the bill to raise the cap on member business loans to 25% of assets.
Illinois League Forms Merchant Provider Alliance
To further tap the small business market, the Illinois Credit Union League has partnered with card solution firm Primax to serve as a merchant and cash advance provider for more than 3,100 credit unions.

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CU Marketing Officer Burns Sunrise Hour to Complete Her Tome
Verity Credit Union Chief Marketing Officer Shari Storm has taken multitasking to a whole new level.

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Editor's Column
See what Credit Union Times Editor-in-Chief Sarah Snell Cooke has to say about the hot-button topics on credit union executives' minds this week.
Credit Unions Need to Star in Their Own Reality Show
March 10, 2010
CUNA Senior Economist Steve Rick said in a recent News Now article that credit union delinquencies haven’t been this high since President Reagan was in office....