state law

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  Dark Clouds Hover Over Dual Chartering: Opinion

  By Mary Martha Fortney  |  September 13, 2012

  NASCUS and others believe the important balance provided by the dual chartering system may be at risk, and we must work to ensure dual chartering is viable and thriving.

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  Guest Opinion: Dark Clouds Hover Over Dual Chartering

  By Mary Martha Fortney  |  September 10, 2012

  It was the year 1909 when Pierre Jay, the first banking commissioner of Massachusetts, was successful in getting the first credit union act passed in the commonwealth. Many other states followed suit, and then in 1934, the Federal Credit Union Act was enacted, establishing a federal charter and a choice...

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  Dissidents Rally at Tech CU

  By David Morrison  |  August 20, 2012

  Fifteen members of Technology Credit Union rallied Aug. 15 outside the credit union’s San Jose, Calif., headquarters to show their opposition to the credit union’s proposal to change to a mutual bank charter.

• Trades File Requests for NCUA’s Annual Rule Review

  By Heather Anderson  |  August 6, 2012

  Trade organizations have submitted their regulatory wish lists to the NCUA as the agency prepares to undergo its annual rule review.

• Vt. Regulator May Nix 'Banking' in CU Ads

  By Jim Rubenstein  |  July 30, 2012

  The banking industry’s longstanding effort to deter or prevent credit unions from using the words “bank” and “banking” in advertising was advanced to a new plateau last week with a proposed cease and desist order placed by the state’s top regulator on the $600 million Vermont State Employees Credit Union.

• Editor's Column: It's a Mad Mad Mad Mad Credit Union World

  By Sarah Snell Cooke  |  July 22, 2012

  How words are banned, CUSOs are regulated and board members are and aren't appointed are some examples of a world gone mad.

• Editor's Column: It’s a Mad Mad Mad Mad World

  By Sarah Snell Cooke  |  July 22, 2012

  I was galled at the childishness of bankers in Vermont putting the regulator up to blocking a credit union from using the term “banking” in its marketing materials, and the state regulator for his, at best, naiveté. Readers had the same reaction as you can see from the comments posted...

• VSECU Ponders Switch to Federal Charter in ‘Bank’ Ad Dispute

  By Jim Rubenstein  |  July 20, 2012

  State regulator calls for cease and desist order.

• Prudential to Discontinue Sale of Group Long-Term Care Policies

  By Noah Guillaume  |  July 19, 2012

  Joining Metlife and Unum, Prudential is the latest insurer exiting the LTC business, which has become less profitable in low interest rate environment.

• ‘Bank’ Ad Issue Been Around For Years, Says Vermont Regulator

  By Jim Rubenstein  |  July 18, 2012

  State banking commissioner cites 1969, 2006 laws in cease-and-desist order against Vermont State Employees Credit Union.