Valor FCU CEO Sean Jelen and Ochsner Clinic FCU CEO Jacqueline Ray receive prohibition orders, barring them from participating in the affairs of any federally insured financial institution.
NASCUS asks the NCUA to be clearer about which credit unions exactly are covered by new Dodd-Frank executive compensation-based rule.
The agency's grants total close to $2.5 million.
Dodd-Frank imposed compensation rules get mostly negative comments from credit unions.
Member credit unions will soon vote on the consolidation of First Carolina Corporate and Mid-Atlantic Corporate.
FCUs must be examined every 23 months; federally insured, state chartered CUs will be examined at regional directors’ discretion.
TrustUS FCU and Texas Trust CU plan to consolidate in September.
Iowa’s King accuses the NCUA of weak oversight and says the credit union tax exemption will cost $10B over five years.
H.R. 5869 would require the NCUA to provide a detailed analysis of Share Insurance Fund use.
More than 5.5 million flood insurance policies are in place in 20,556 participating communities nationwide, but not everyone is eligible for the program.