The political action committees of CUNA and NAFCU won some and lost some in yesterday's primary elections.
Because of Florida Gov. Charlie Crist's decision to leave the GOP and become an independent, CUNA has provided financial support to more than one Senate candidate in the Sunshine State.
The serious problems at Arrowhead Credit Union may have been on regulators' radar for months, but the NCUA's June 25 takeover of the $876 million California CU surprised some in the CU community, including the
The sudden NCUA takeover of the $876 million Arrowhead Central Credit Union on Friday was as much a surprise to the $4 billion Alaska USA FCU, now owner or co-owner of four former branches of Arrowhead, as it was to others, Alaska USA management reported.
Home prices fell 2.1% from the fourth quarter of last year to the first quarter of 2010, and average mortgage rates are at their lowest of the year, according to data released by Freddie Mac.
Credit unions received a reprieve on data-reporting requirements but were still waiting on amendments on interchange fees and the agency to regulate consumer financial products as the Senate began to discuss the financial overhaul bill.
The chairman of the NCUA would be included in the council of regulators that could make decisions on systemic risk and hear appeals of rules by the new consumer financial regulator if an amendment sponsored by Sen. Susan Collins (R-Maine) is approved.
Credit unions using CRI Solutions Inc.'s loan origination platform can now deploy the widely used digital and Web signing solutions from Wycom Systems Inc.
The widely used digital and Web signing solutions from Wycom Systems Inc. are now being offered to credit unions using CRI Solutions' online and in-house lending solutions.
As part of its cost-cutting over the last year, ailing Arrowhead Central Credit Union has cut its staff by a fifth to 400 and has shrunk its loan portfolio "way down" in three areas-autos, home equity and RVs, said Larry Sharp, president/CEO.