Several sources tell Credit Union Times that Sen. Jon Tester (D-Mont.) will offer amendment during debate of a funding bill.
If credit unions were subject to income taxes, they would lose a key part of what makes them unique, but experts are divided as to whether it would create a stampede of bank conversions.
Former top NCUA aide John McKechnie, now with a Washington consulting firm, is enhancing his lobbying profile.
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.