WILLIAMSBURG, Va.-In preparation for an anticipated taxation fight again next year in a number of states, the National Association of Community Credit Unions during its annual meeting provided a panel of credit union representatives all too familiar with the problem. First from Salt Lake City, Utah, Mountain America Credit Union...

SEATTLE-Due to previous responsibilities, Boeing Employees Credit Union President and CEO Gary Oakland was unable to testify before the board, but had already submitted a letter for the record. He strongly advocated that the agency better separate its regulatory and insurance duties. He cited the Deloitte and Touche study which...

WASHINGTON-Before adjourning for the session, Congress still has a number of credit union-supported items to consider. Of course, when Congress will adjourn is anyone's guess. It was originally scheduled for Oct. 3, which has officially been pushed back until Halloween for the House, but NAFCU Director of Legislative and Political...

WILLIAMSBURG, Va.-From the beginning, the National Association of Community Credit Unions has been about focusing on the needs of its members. Now, at the time of the organization's 5th Annual Conference, NACCU leaders are taking stock of the past and future of the association. While community credit unions certainly belong...

ALEXANDRIA, Va.-NCUA announced at its third annual Budget Briefing and Public Forum Oct. 10 that it was planning for a 2.99% increase in the agency's budget for 2004. The 2004 budget is projected at $150.4 million, up $4.37 million over this year. In the 2005 budget, NCUA Executive Director Len...

ALEXANDRIA, Va.-CUNA and NAFCU pointed out several regulations that could use some tweaking in NCUA's statutorily mandated 10-year review of regulations. The federal banking agencies recently launched their reviews of their regulations as mandated under the Economic Growth and Regulatory Paperwork Reduction Act of 1996. NCUA requested comments on regulations...

SALT LAKE CITY-The U.S. District Court judge overseeing the Utah field of membership lawsuit brought against NCUA by the American Bankers Association has granted a motion to permit CUNA, NAFCU, and three affected credit unions to intervene on behalf of their regulator. In doing so, U.S. District Court for the...

VANCOUVER, Wash.-A handful of members of Columbia Credit Union, which recently announced it was going to seek membership approval to convert to a state chartered mutual savings association, have cried foul regarding the disclosures they have received. "It was not done with the intention of informing the members of what's...