Two billion-dollar credit unions are currently seeking to convert to a bank charter. Another, HAR-CO Maryland FCU with a not-insignificant $193 million in assets, is also seeking a conversion. These credit unions, if successful, will necessarily leave the credit union trade associations and the NCUSIF.
Now in its sixth month, the CAMEL rating stalemate in North Carolina between the NCUA and the North Carolina Credit Union Division morphed into new territory last week with Jim Blaine, the president/CEO of State Employees’ Credit Union, again attacking the NCUA’s credibility.
Tax season can be a daunting time of year for credit union members. Some, who view their annual refund as a much-needed source of extra cash, want to maximize their refund opportunities. Others, who owe taxes, may be wondering how they’ll afford payments. To ensure the process runs smoothly regardless...
SECU chief says regional director made false accusations, misrepresented North Carolina administrator.
As the credit union community watches the evolving situation in North Carolina, no matter which side of the issue you’re on, you’re witnessing organizations that know how to grab attention.
Consultant Bill Brooks says there are other ways to be transparent.
The examination process at the NCUA went on trial last week. Not before a court but before Congress, though it could end up in court, too, if legislation in Congress makes it through to law. The Financial Institution Examination Fairness and Reform Act (H.R. 3461) would create an ombudsman within...
Rep. Mel Watt assails NCUA executive director during House hearing on exam measure, says agency "way beyond" its authority.
Amid the sun, sand and waves on the Wailea Beach of Maui, something evil lurked last week at The Paragon Group’s Volunteer Leadership Conference. It wasn’t far below the serene and relaxed surface and without much effort it managed to swallow the ballroom whole. That beast was palpable in the...
Loan will help qualifying members pay back taxes, reduced penalties.