Michael Parsons, president/CEO of the $330 million First Source Federal Credit Union in New Hartford, N.Y., has been elected NAFCU chair.
First Source FCU's president/CEO begins one-year term as chair at end of business meeting on Tuesday.
The $20 million Filene FCU is tied to the now-shuttered retail chain once operated by credit union pioneer Edward Filene.
Here are some more photo highlights of the 44th annual NAFCU conference this week in San Francisco. Click on through for a slide show.
WASHINGTON — NCUA Chairman Debbie Matz told a panel of skeptical senators that raising the cap on member business loans would actually improve credit unions’ risk environment while creating more jobs.
Hearing shows credit unions and banks still far apart on member business lending.
Agency promises to beef up enforcement to manage additional risks if cap is raised.
NCUA Chairman Debbie Matz is the lead witness in Thursday’s Senate Banking Committee hearing on legislation to raise the cap on member business loans.
NCUA has apparently refined and streamlined its bidding process on mergers – at least based on one involving the ailing $60 million Saugus FCU.
NAFCU has elected to keep Fifth Third Processing Solutions as its exclusive preferred electronic funds transfer services vendor.