The NCUA announced last week at its monthly board meeting that credit unions’ assessment for the Temporary Corporate Credit Union Stabilization Fund would be a mere eight basis points. The total bill for credit unions comes to $701 million, or approximately $100,000 on average per credit union, for 2013. It’s...
It has an endless supply of funding: your credit union’s money.
It’s official. Richard Cordray is the director of the CFPB.
The CFPB could be a great danger to credit unions, which it has already demonstrated with a number of regulations, including new mortgage rules.
Credit union people are an eclectic bunch. I think the importance of the not for profit philosophy contributes to diversity of the characters. When they’re all in one area, such as an exhibit hall at a conference, the variety becomes more pronounced.
Credit union people are an eclectic bunch. When they’re all in one place, variety becomes more pronounced.
Senate Finance Committee Chairman Max Baucus and Ranking Member Orrin Hatch have sent a letter to their colleague stating that they want to start with a clean slate on tax reform. It would be excellent if that really happens. Programs would have to prove that they provide value in order...
What’s been very telling is that only a quarter of credit unions are lobbying through CUNA's campaign to protect the tax exemption.
I’m very much what you see is what you get. I feel the need to forewarn bosses that I will always be honest with them, and occasionally more honest than I should be for self-preservation. I’m respectful about it and always do it for the right reasons, but there you...
It's all about disclosure. I’ve been covering the credit union community for 14 years and had no idea some volunteer directors are paid.