WASHINGTON -- All employees of the military are now eligible to join Navy Federal Credit Union because it just received NCUA permission to expand its field of membership to the entire armed services.

WASHINGTON -- The presidents of the two national credit union trade associations said they were disappointed with the NCUA board's 2-1 decision on Thursday to pass rules changes that increased the amount of data collected.

ALEXANDRIA, Va. -- The NCUA will compile 5300 Call Report data for a membership profile and report additional data on the financial services they provide them, as a result of a policy change approved Thursday by the agency's board.

WASHINGTON -- Capping interchange fees would make it harder for credit unions to offer debit and credit cards and force them to increase the cost for their services, Chartway Federal Credit Union Vice President of Operations John Blum told a House panel last Thursday.

WASHINGTON -- Father Burke Federal Credit Union, which had served members of a Bronx, N.Y. church since 1971, was declared insolvent and ordered closed by NCUA last week.

WASHINGTON -- At press time, a Senate panel was considering a bill that would make help available to those hurt by the subprime mortgage crisis.

WASHINGTON -- Depository institutions would have more leeway in complying with financial transaction reporting requirements under a regulation being proposed by the Treasury Department.

WASHINGTON -- With next May's trial date in place for the lawsuit over the unrelated business income tax, credit union industry officials say there will be additional attempts to challenge the IRS' interpretation of the law.