CUNA economist sees possible accounting problems should the NCUA rebate extra money after corporate losses are repaid.
NAFCU president responds to NCUA announcement by reiterating agency's need to help credit unions lower expenses.
For the first time since 2008, credit unions added a significant number of new employees to their payrolls.
House subcommittee chair blames "bad mortgages" in comments at hearing on government-sponsored enterprises.
Some credit unions which are supposed to be sheltered from the impact the Durbin amendment’s cap on debit interchange saw their interchange drop by collectively over $1 million in the third quarter of 2012, according to data collected by CUNA.
Roughly fifteen months after the Durbin amendment went into effect, the controversial legislation that capped debit card interchange for issuers with over $10 billion in assets has painted a mixed picture for most credit unions.
Although the NCUA is already addressing key findings revealed in a national survey conducted by CUNA and its affiliated state league organizations, the trade association told Credit Union Times that the results still show room for improvement.
These photos by John Cooke capture some of the action of the first day of sessions Monday at the 2013 GAC in Washington, D.C.
Trade group says agency already addressing key findings in its survey of 1,500 respondents about examination process.
CUNA says data shows $1.38 million loss for 155 credit unions in that quarter alone in data trade studied.