Three more credit unions have signed up to use remote compliance monitoring services from Xtend Inc., a Grand Rapids, Mich.-based CUSO, the company said.
The attack on NCUA policies spearheaded last December in a petition drive by a Michigan CUSO group entered a new phase last week when a Tennessee group joined the fray.
NCUA was the object of more heat this week from an ad hoc group of 32 CEOs and credit union executives submitting a complaining petition to Congressional committees.
The head of a Grand Rapids, Mich. CUSO leading a petition drive sharply critical of NCUA policies and hoping to marshal industry action to bring about major changes, acknowledged Wednesday his campaign may be stalling.
Given their respective CUSO alliances, Affinity Group Credit Union and Kensington Valley Community Credit Union said their recent plan to merge is another example of collaboration.
The 2010 holiday season was not the normal slowdown period in the news business.
Affinity Group Credit Union and Kensington Valley Community Credit Union have announced plans to merge touting how collaboration is nothing new given their respective CUSO alliances.
The harsh rhetoric generated from an online debate sparked by a Michigan CUSO accusing NCUA and major trade groups of being grossly out of touch with the industry's situation continued Wednesday.
Randy Karnes, CEO of CU*Answers, is calling for CUs to sign a petition to "clearly state our absolute dissatisfaction and vote of No Confidence with the current policies and practices of the current governing administration, the NCUA Board of Directors."
It's either the newest thing in online delivery of a dizzying array of services to the masses and back office alike, or it's really nothing new, depending on who you ask.