NCUA's

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  FIS Faulted on Security by Feds

  By David Morrison  |  April 15, 2012

  The NCUA has asked credit unions that process their debit and credit card transactions with FIS to evaluate their relationship with the card processor in light of an information technology supervisory letter the company has received from other federal financial regulators.

• Comment Letters Take Issue With Proposed Corporate Rule

  By Claude R. Marx  |  February 2, 2011

  Regulatory overreach, an unnecessary limit on credit unions' choices and possibly illegal. Those are among the critiques of the NCUA's proposed rule on corporate credit unions.

• ASI Deems NCUA Corporate Rule Provision Extortion

  By Claude R. Marx  |  February 1, 2011

  An NCUA proposal to encourage non-federally insured credit unions to pay into the Temporary Corporate Credit Union Stabilization Fund violates a federal statute banning extortion by government employees, according to American Share Insurance.

• NAFCU Outlines Comments on NCUA's Proposed Corporate Rule

  By Claude R. Marx  |  January 28, 2011

  Restricting CUs to belonging to one corporate is "contrary to the principle that member-owner natural person credit unions determine the future of their corporates and the corporate system as a whole," NAFCU wrote in its comment letter to the NCUA.

• ABA Criticizes Proposed Corp Rule Provision on Levying Fee on Non-Insured CUs

  By Claude R. Marx  |  January 26, 2011

  The NCUA's proposal to encourage corporate credit unions to charge fees to non-federally insured entities is contrary to the intentions of the law and the notion that such payments would be voluntary is "disingenuous."

• Georgia Central Clears Hurdle With Southwest Vote

  By Jim Rubenstein  |  December 1, 2010

  The $2.5 billion Georgia Corporate Federal Credit Union cleared a key hurdle Tuesday in its bid to be a merger partner next year with the NCUA-conserved Southwest Bridge Corporate FCU of Plano, Tex.

• Trades Jump on Proposed Rule For Executive Golden Parachutes

  September 22, 2010

  The NCUA's proposal to limit golden parachutes and indemnification payments is overbroad and would place unnecessary restrictions on credit union boards, according to

• Will NCUA Play Good Corporate/Bad Corporate?

  By Heather Anderson  |  September 8, 2010

  If accounting rules are preventing NCUA from successfully separating toxic assets from corporate balance sheets without

• Callahan Offering Webinar on NCUA Audits

  By Claude R. Marx  |  July 13, 2010

  Credit union executives interested in learning about the implications of the outside audits of the NCUA released last month can sign up for Thursday's webinar sponsored by the consulting firm Callahan & Associates.