Sen. Olympia Snowe (R-Wash.) says Small Business Lending Fund "not an effective use of taxpayers' money."
Northup headed the agency's lobbying and public relations during the first term of President George W. Bush.
The Wisconsin Bankers Association says most of the state’s credit unions are not near their respective member business lending caps.
An innovative community development credit union that serves the greater New Orleans area is one of 12 financial institutions to receive federal grant money to help improve the quality of food in their areas.
U.S. Savings Bonds will no longer be sold in paper form after Dec. 31, 2011, the NCUA is reminding credit unions.
Federal agents have seized the accounts at a Sacramento-area credit union of two businesses that dispense marijuana to people with a doctor's prescription, according to court documents.
While the NCUSIF’s equity ratio is headed in the right direction, it’s not clear how much it will benefit the bottom line of credit unions.
The NCUA says it's not developing a contingency plan for helping credit unions that stay deal with any new costs from more departures.
Agency tells trade groups no move needed because such conversions are "relatively rare" and that converting CUs will pay this year's assessment to corporate rescue fund.
The NCUA board decided that keeping track of the bonds it has issued as part of the corporate stabilization effort has grown so complex that the agency has decided to hire a committee to oversee it.