According to the credit union industry's two major trade associations, the NCUA's proposed stress test rule is unnecessary because the four largest credit unions in the nation already conduct their own tests.
It's been encouraging to see the ample response we've received to our ongoing coverage on reputation risk as it relates to small credit union fraud. Most of the feedback has been positive, with vendors and credit union managers alike saying the issue can no longer be ignored.
The $14.3 million Mayfair FCU has been losing money; fourth conservatorship this year.
SECU's Blaine says leave it to the Fed. Navy Federal watching and waiting.
Fraud prevention starts at home, but there's some fear of Washington, too.
It’s been about a year since two employees at the $1.6 million Enterprise Credit Union pleaded guilty to embezzling almost $1 million over a period of 10 years, but the topic still fuels the gossip mill in the small Kansas town. And, according to one prominent resident, the incident reduced...
The job duties of an NCUA examiner have some similarities to those of Credit Union Times reporters.
CUNA, NAFCU express concerns about NCUA plans for largest of credit unions.
“Once you break that type of trust, there’s no turning back.”
Three largest credit unions eclipse size of share insurance fund, NCUA chairman stressed.