A 37% decline in the numbers of both credit unions and banks indicates that too much regulation may be taking its toll.
Of the 56 late filing credit unions, 20 were excused, 28 consented to fines, and eight refused and will receive administrative hearings.
Credit unions that want to really succeed at working with low-income members and communities need to embrace doing it, advocates suggested.
Lutheran Federal Credit Union became the third new federally chartered credit union of 2014, according to the NCUA.
Can credit unions adjust to fewer middle-class earners?
The NCUA will host a series of free webinars through December for credit unions focused on building loan portfolios, product pricing and improving internal controls.
The NCUA said it has created a seven-part online series to help credit union managers and volunteers detect and deter internal fraud and employee dishonesty.
Wow, I would like to tell you that the comments I read in your April 16 issue on “Questioning Cost of Small Credit Union Initiatives” were not an echo of the frustration felt throughout our industry. But I hear that on a regular basis.
Does the NCUA's Office of Small Credit Union Initiatives really help small credit unions?
Tom Nix shares why it was easier to sell his check cashing firm to a credit union instead of a bank.