As an observer at the NCUA listening session in Alexandria last week, I heard a lot of things you’d expect. But credit unions need to commit to their end of the bargain by speaking up.
The merger game – its timing, procedures and practices – is coming in for new scrutiny and debate this month among a coterie of analysts and top credit union CEOs.
A March 27 article on CUTimes.com (“Citing HAR-CO Conversion, Maryland Bankers Assail Credit Union Mergers”) suggests that conversion is an option to merger and nontaxed credit unions should stop taking advantage of their status and follow the HAR-CO model.
The credit union industry is in full-court press over a possible vote in the Senate to expand member business lending. Congress’ spring break could have allowed credit unions a lobbying breather had it not been for Senate Majority Leader Harry Reid’s promise for a vote on the member business lending...
The credit union industry is in full-court press over a possible vote in the Senate to expand member business lending.
First, Bauer Financial already risk rates credit unions for free. Any member can check it out. Second, slippery slope. Once people start releasing this information, those that don't will be suspect of hiding something.
In this Print Preview from our Feb. 29 issue, credit union people answer this question: "Should CAMEL ratings be disclosed?"
A church seeking to recover lost money is alleging that NCUA staff acted unscrupulously.
I was very happy to see both Chip Filson and Jim Blaine support the release of CAMEL ratings (CU Times, Jan. 25, page 1).
The email from the NCUA to current Western Bridge members summed it up. “The National Credit Union Administration Board awarded Catalyst Corporate Federal Credit Union (Catalyst) the exclusive right to acquire Western Bridge Corporate Federal Credit Union (Western Bridge).”