CUNA and NAFCU have each sent letters asking the NCUA to change the way it deals with credit unions in key policy areas.
Proposed new regulations on mergers and mutual bank conversions encroach on state autonomy,
Reaching inside the credit union movement following the tenure of a prominent outsider, CUNA last week named California-Nevada Credit Union League President Bill Cheney as its new leader.
NASCUS Chairman Tom Candon has named Board Member Mary Hughes to fill the two-year board term vacated when former NASCUS Chairman George Reynolds retired.
Lawmakers were trying at press time to iron out a bipartisan agreement on legislation to overhaul the way financial services are regulated.
Allowing credit unions to raise supplemental capital that is counted toward net worth requirements is an "appropriate policy consideration,"
The secondary capital debate draws deep-seated philosophical arguments from both sides as you've seen in letters to the editor and opinion pieces in this publication and elsewhere,
Today NASCUS said that the "encroachment of federal preemption only weakens the states' strong front-line defense against deceptive and unlawful financial services practices."
George Reynolds, who was NASCUS' chairman from 2007-2009, will retire from his post as senior deputy commissioner of the Georgia Department of Banking and Finance at the end of the April.