During the industry debate over board member term limits, regulators have focused on the board's responsibilities, financial literacy, qualifications and, in almost every regulatory letter, made it clear that the board is responsible for more and more of the credit union's day-to-day operations.
The NCUA has threatened to sue four investment banks if they don’t refund $50 billion from the sale of mortgage-backed securities to five corporate credit unions that the agency conserved last year, according to several sources within the credit union industry.
During NAFCU President/CEO Fred Becker’s 11-year tenure he has seen the best of times and the worst of times for credit unions. Credit Union Times Editor-in-Chief Sarah Snell Cooke sat down with him in NAFCU’s Arlington, Va. headquarters on the occasion of his anniversary to discuss key topics from the...
The NCUA Board plans to discuss and possibly send out for comment to next Thursday’s meeting a proposed rule regulating what steps credit unions would have to take to protect against interest rate risk.
WASHINGTON — Comparing her agency to a police officer that prevents bad drivers from hurting good ones, NCUA Chairman Debbie Matz said the agency's strong enforcement saved the insurance fund about $1.5 billion.
WASHINGTON — Comparing her agency to a police officer that prevents bad drivers from hurting good ones, NCUA Chairman Debbie Matz said the agency’s strong enforcement saved the insurance fund about $1.5 billion.
NCUA has a bias against small credit unions, the chairman of the National Association of Credit Union Chairmen charged Thursday.
The NCUA Board doesn't plan to end the year quietly.
If the NCUA and state examiners had been more aggressive in their oversight of 10 failed credit unions and management had been more effective and taken fewer risks, losses to the