Todd Harper

• Time to Gear Up Efforts for Capital Reform

  By Sarah Snell Cooke  |  July 31, 2011

  NCUA Chairman Debbie Matz reaffirmed her support for supplemental capital for credit unions at WOCCU’s annual meeting. Credit unions’ need for capital reform can only heighten. But permitting the NCUA to define prompt corrective action buckets requires action by Congress.

• Time to Gear Up Efforts for Capital Reform

  By Sarah Snell Cooke  |  July 30, 2011

  NCUA Chairman Debbie Matz reaffirmed her support for supplemental capital for credit unions at WOCCU’s annual meeting. Credit unions’ need for capital reform can only heighten.

• NCUA Liquidates CU Linked to Online Poker

  By David Morrison  |  July 17, 2011

  The $8.1 million Vensure Federal Credit Union, the Arizona credit union that at one time made most of its money by processing transactions for Internet poker sites, is no more. The NCUA announced it has liquidated the Mesa-based credit union on July 11, the same day a court case...

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  The NCUA’s Biggest Earners: 25 Make More Than $201,000

  By Claude R. Marx  |  May 23, 2011

  Although government work isn’t always lucrative, 25 NCUA employees make more than $201,000 annually, according to agency records.

• Kern Schools Upgrade Brings Outcry, Media Coverage

  By Natasha Chilingerian  |  May 16, 2011

  A system upgrade at the $1.5 billion Kern Schools Federal Credit Union caused frustration for members who said they could neither access their accounts nor reach anyone for help.

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  Vensure FCU: Poker Patsy or Plotter?

  By David Morrison  |  April 27, 2011

  The closing of Vensure FCU raises questions about how NCUA supervised or failed to supervise a federally chartered CU.

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  Credit Union Industry Reacts to Failure of Big Texas CU

  By Michelle A. Samaad  |  April 27, 2011

  Crippled by mounting commercial loan losses, the $1.6 billion Texans Credit Union was placed in conservatorship on April 15 by the NCUA.

• NCUA to Weigh All Options on Texans CU’s Future

  By Michelle A. Samaad  |  April 19, 2011

  Agency says business as usual at conserved CU with focus on improving its financial condition for the long term.

• NCUA Threatens Investment Banks With Litigation Over Corporates' Mortgage-Backed Securities

  By Claude R. Marx  |  March 30, 2011

  The NCUA has threatened to sue four investment banks if they don’t refund $50 billion from the sale of mortgage-backed securities to five corporate credit unions that the agency conserved last year, according to several sources within the credit union industry.

• NCUA Threatening Investment Banks With Litigation Over Corporates

  By Claude R. Marx  |  March 23, 2011

  The NCUA has threatened to sue four investment banks if they don’t refund $50 billion from the sale of mortgage-backed securities to five corporate credit unions that the agency conserved last year, The Wall Street Journal reported today.