The leader of a home-based credit union said the NCUA wants to eliminate the remaining 95 credit unions operating out of homes by requiring them to move into commercial office space.
The NCUA says it contacted all home-based CUs and offered them assistance prior to introducing its proposed rule, but the CUs say otherwise.
NCUA Director of the Office of Examination and Insurance Larry Fazio explains the agency's controversial proposed rule.
Government offices, including the NCUA, are closed today due to snow. CUNA and NAFCU offices are also closed.
Professional sports thinking has it that the best defense is a good offense. Brian Daskalovitz feels much the same way about mortgage lending and its related fee income.
CFOs share how they plan to offset reduced non-interest income now that the mortgage refi market has cooled.
Talking strategies for dealing with loss of noninterest income in the mortgage portfolio.
More than five years after New London Security Federal Credit Union was liquidated, yet another delay could stall payments that some members claim are still due to them.
The NCUA will establish a new office focused solely on agency security and continuity, but the move shouldn't have a big impact on the 2014 operating budget. Public Affairs Specialist John Fairbanks told Credit Union Times the new office will be comprised mostly of existing NCUA resources.
The NCUA posted a three-part Consumer Protection Update on its consumer website MyCreditUnion.gov that explains new mortgage lending and international remittances rules required under the Dodd-Frank Act.