This preview from the March 13 print edition takes a look at the fight against loan fraud.
With the recent guilty verdict against a businessman that scammed $7.5 million from the former Lockheed Credit Union to obtain a number of loans, the decision may have offered another instance of assurance that the public is becoming increasingly fed up with fraud.
Pundits and philosophers have noted that throughout history there is nothing permanent except change. Sometimes we create the change; other times, we respond to it. But we should never ignore it.
WASHINGTON — “Some risks are always there. Others arise with new realities," NCUA Board Chair Debbie Matz tells GAC session.
ALEXANDRIA, Va. — The NCUA approved a controversial final rule during its Jan. 10 board meeting that would allow the federal regulator to declare a state-regulated, federally insured credit union to be in “troubled condition”.
NAFCU President/CEO Fred Becker, who announced his retirement Jan. 7, said he will be leaving the credit union industry for good when he leaves the trade July 31.
ALEXANDRIA, Va. — New rule requires federal regulator to do onsite visit to state-chartered credit union; Matz says rule "levels playing field."
“There’s nothing worse than an ‘ex’ anything,” outgoing trade group chief says.
A week after super storm Sandy slammed into the East Coast, New Jersey Gov. Chris Christie looked ahead to preparations for a nor’easter that was due to dump snow and rain on the already reeling Northeast.
This year was a transformative year for credit unions. It was a year in which credit unions made the transition from the losses of recession to the stability and growth of recovery. During the year, the industry topped $1 trillion in assets and grew strongly to approach 94 million members.