The $5.6 billion Bethpage Federal Credit Union in Bethpage, N.Y., named Lynda Nicolino to the newly created position of corporate general counsel where her focus will be on government relations. Nicolino was general counsel and secretary of the Long Island Power Authority where she had worked for the past 15...
Read about the latest new hires, promotions, retirements and other career milestones in the credit union industry.
New York Federal Reserve Bank President William C. Dudley tells New York Times banks’ misdeeds are a problem deeply rooted within Wall Street.
Federally insured credit unions could potentially receive a rebate on corporate assessments, according to a Feb. 12 release from the NCUA. However, the final tally won't come until 2021, the regulator cautioned.
Revealing the settlement's net gain could jeopardize ongoing negotiations with deep-pocketed Wall Street firms, NCUA's general counsel says.
JPMorgan Chase settlement eliminated future assessments, but NCUA won't reveal how much it paid in lawyer's fees.
When it comes to service and faster transactions, credit unions continued to have the edge over banks last year.
American Customer Satisfaction Index finds banks lag credit unions in a number of areas.
The NCUA would not confirm an Oct. 21 report that it has agreed to a tentative settlement with JP Morgan over mortgage-backed securities sold to failed corporate credit unions. The NCUA filed suit against JP Morgan Securities in June 2011, seeking to recover more than $800 million in losses to...
Agency declines to comment on accuracy of published report about settlement over failed securities, corporates.