Daniel Weickenand, CEO of the $531 million Orion FCU in Memphis, Tenn., said low margins and risk forced him to discontinue non-QM loans.
Rose Bartolomucci, president/CEO of the $114 million Towpath Credit Union in Akron, Ohio, urged Congress Dec. 4 to pass several pieces of legislation that CUNA has argued would ease regulatory burden on credit unions.
Rose Bartolomucci of Towpath Credit Union in Ohio testifies Wednesday to House Financial Services Committee.
Political pundit Paul Begala got things going at NAFCU's annual caucus on Monday, while new NCUA Board Member Rick Metsger made his debut.
Rep. William Lacy Clay (D-Mo.) is a co-sponsor of member business lending and supplemental capital bills favored by the credit union lobby.
Agency executive director tells House panel that bill would raise NCUSIF tab, add regulation and not give any assurance of added benefit.
The NCUA’s decisions aren’t reviewed by third parties and credit unions don’t receive consistent messages, trades testify to Congress.
Wednesday House hearing will focus on bill that would give financial institutions ability to appeal results of examinations to an independent ombudsman.
NAFCU, CUNA sending credit union executives to testify on the Hill for measure that would allow financial institutions to contest examinations.
WASHINGTON, D.C. — If banks are getting regulatory relief credit unions deserve the same opportunity.