X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Looking back four years ago finds 11 state leagues from the Northwest and Pacific coast areas asking if NCUA is acting within its rulemaking authority as overseer of the National Credit Union Share Insurance Fund. The action by the Member Services Group-as the 11 leagues refer to themselves- is in response to increased concerns by credit union leagues and state regulators over possible regulatory overreach by the agency into the affairs of state-chartered credit unions. “When the NCUSIF was established and NCUA was charged with overseeing the safety and soundness of the funds that wasn’t meant to be at the expense of all credit unions looking the same,” said Washington Credit Union League President/CEO John Annaloro. Also in that issue celebrations were in order as the Latino Community Credit Union opened its doors for the first time-marking the first credit union specifically aimed at serving the financial needs of Hispanics in North Carolina. “Latinos are often locked out of the economic system because of language and cultural barriers. Then they become victims of theft, fraud or payday lenders and can’t establish the credit histories they need to buy a home. This new credit union will be a way to build wealth in our communities,” said Ivan Parrra, executive director of LCCU sponsor organization El Centro Hispanico.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.