Regulatory & Compliance

WASHINGTON -- For credit unions, Senate Banking Committee Chairman Christopher Dodd's proposed regulatory overhaul is both the best of bills and the worst of bills.

ATLANTIC CITY, N.J. -- NCUA Associate Region II Director for Operations Herb Yolles told New Jersey credit unions today that NCUA examiners are going to on the lookout for five particular problems.

ATLANTIC CITY, N.J. -- Consultant Stuart Levine picked apart key issues with credit union governance through a series of interactive questions at today's Reality Check conference hosted by the New Jersey Credit Union League.

As the SEC reports a rise in investment scams that target the elderly, the Pacific Service Credit Union is doing its part to protect them from financial abuse.

Credit unions have earned the right to diversify their membership through field of membership expansion.

NAFCU has refrained from making concrete suggestions about what sort of structure a new Fannie Mae or Freddie Mac might one day have but has urged legislators to preserve their ability to help CUs manage mortgage liquidity.

NCUA Chairman Debbie Matz said today the agency hopes to announce a plan for corporate legacy assets by the end of June, before final corporate regulations are released.

California's central valley economy "may be as bad as it gets," but that has not precluded Valley First Credit Union of Modesto from becoming the successful bidder on the failed Tracy FCU, its president/CEO Henry Barrett said Tuesday.