Credit unions are on alert about the fate of their tax-exempt status as a result of President Obama’s speech outlining his deficit reduction strategy.
Former NCUA staffer John McKechnie told a group of Ohio credit union leaders that the climate in Washington is akin to the Land of Oz.
John McKechnie began his first day on a Delaware beach in the summer of 2008 reading a front-page story in The Wall Street Journal about the serious financial problems facing some of the corporate credit unions.
Leaders of Har-co Federal Credit Union told its members that the CU needed to convert to a federal thrift charter in order to serve more people, but the NCUA has no record of the CU ever applying for a community charter.
In a complicated ruling last week, Judge George Wu opened a door that had seemed closed, by agreeing to allow cases against WesCorp's outside directors to proceed.
Todd Harper, who was a top aide to credit union supporter Rep. Paul Kanjorski (D-Pa.) has been named director of the NCUA's Office of Public and Congressional Affairs, the agency announced today.
I was reading through editorials by my predecessors as I was preparing to write this week's column, looking for inspiration.
The Appellate Division of the New York State Supreme Court yesterday granted MBIA's motion to dismiss a suit brought against it by a group of banks that had sought to block the transformation of the Armonk NY financial insurance company.
State Employees Credit Union of North Carolina CEO Jim Blaine is a man on a mission, and it starts with a $135 million gain from selling off SECU's Treasuries portfolio in the third-quarter 2010.
John McKechnie, who has headed the NCUA's Office of Public and Congressional Affairs for almost five years, plans to leave the agency early next year to take an as yet unannounced job in the private sector.