Credit unions by and large have been seen as the good guys in the ongoing housing finance crisis. In general, more conservative underwriting prevented most credit unions from making the mortgage loans that were most likely to wind up delinquent.
The Obama administration announced on Oct. 21 the nomination of Carla M. Decker, CEO of District Government Employees FCU, to replace NCUA Board Member Gigi Hyland, whose term has expired.
If more people transfer their accounts to credit unions because of Bank Transfer Day. it could be a mixed blessing for some credit unions. However, that’s a problem many credit unions would be glad to worry about.
This article will be among the news, features, analysis and insight filling the pages of the next print edition of Credit Union Times.
Northup headed the agency's lobbying and public relations during the first term of President George W. Bush.
Low interest rates and business lending caps would strain reinvestment but checking account fee income could rise.
Heading through the Beltway traffic on my way to the NCUA offices in Alexandria, Va., as the acting chairman of the agency on Sept. 11, 2001, I learned from radio reports that two of the World Trade Center towers had been hit by commercial jets–obviously no coincidence.
Acting NCUA chair was on the Beltway when the tragic events of that day began to unfold.
With the Consumer Financial Protection Bureau launch about a month away, credit union executives are expecting to spend more money and time complying with myriad of new regulations.
Credit union executives spent the first week after the NCUA unveiled its corporate credit union prepayment plan studying it and reserving judgment.