Has the NCUA's OSCUI lived up to its promise to support small credit unions? No, according to this letter to the editor.
Every day, six days a week, a credit union closes and never re-opens. That has been going on for many years. More than 3% of credit unions have annually closed for the past decade. By 2025, the United States will have around 4,500 credit unions.
Do the math. Look to your right. Look to your left. One in three credit unions will vanish by 2025. Find out more in this week's preview from next week's print edition.
U.S. Magistrate Judge Margaret A. Nagle has denied the NCUA’s motion to prevent former Director of the Office of Corporate Credit Unions Kent Buckham from giving a deposition to former WesCorp CEO Robert Siravo’s defense attorneys in the ongoing case that was originally filed by seven former WesCorp member credit...
NCUA rebuffed in preventing Kent Buckham deposition, convinces judge not to order depositions from Debbie Matz and Gigi Hyland in WesCorp case.
Members of the so-called “silent majority” of credit unions that oppose S. 2231, the bill that would increase the member business lending cap for credit unions, spoke out as banking lobbyists pressed the issue to lawmakers.
Credit union "silent majority" cited by bank lobby speak up against MBL cap hike. In-depth look in this article from next week's print edition.
In a letter to Senate Majority Leader Harry Reid, Republican Leader Mitch McConnell, and copied to all members of the Senate, the American Bankers Association and Independent Community Bankers of America said current member business lending limits “are entirely appropriate given the significant risk and potential losses that would be...
Credit union senior managers warn against expanded lending authority, says credit unions and regulators "both unprepared."
ICBA, ABA letter restates opposition to S. 2231, says "silent majorit"' of credit unions oppose raising MBL cap and again calling it a "power grab."