WASHINGTON-Five months ago, NCUA approved a regulation to permit credit unions to open branches on foreign soil, which became effective July 1. So far no credit unions have applied with NCUA for an overseas branch, according to NCUA Public Affairs Specialist Cherie Umbel, but some are venturing into the process....

WASHINGTON-When CUNA needs a little help lobbying on an issue, they turn to the big guns of Washington. Well, actually, with only 10 total employees, including eight lobbyists, the firm of Fierce & Isakowitz is not large but still packs a pretty big punch. It was recently called one of...

Partnering with the major trades in their effort is the Utah League of Credit Unions, Tooele Federal Credit Union, Goldenwest Federal Credit Union, and America First Federal Credit Union. These credit unions were also at the center of the Utah tax fight this year, which was what prompted them to...

WASHINGTON-Many Washington, D.C.-area based credit union organizations and Congress were shut down at deadline as Hurricane Isabel touched down in North Carolina and raced up the Mid-Atlantic region. In deference to the hurricane bearing down on the D.C.-area Thursday, the NCUA Board decided to cancel its meeting scheduled for Sept....

WASHINGTON-Numerous credit union organizations are taking steps to help deal with the potential consequences of Hurricane Isabel, which is currently targeting the Mid-Atlantic region stretching from Maryland to North Carolina. Tropical storm warnings have been issued from New Jersey to South Carolina. The Maryland Credit Union League is offering aid...

ALEXANDRIA, Va - With the postponement of the Sept. 18 NCUA Board meeting until Sept. 24, the credit union community was left hanging on several key issues to be debated at the meeting. The meeting agenda included a final version of the member business lending rule, which the credit union...

WASHINGTON-Credit unions' assets are expanding at a rate far exceeding their for-profit counterparts. According to creditunions.com from Callahan and Associates, credit union assets have grown faster than banks and thrifts over the past five years. The compound growth rate over the past five years for credit unions has been 10.17%;...

WASHINGTON-Shortly after the House passed the Fair Accurate Credit Transaction Act, Senate Banking Committee Chairman Richard Shelby (R-Ala.) revealed his plans for legislation concerning identity theft and has indicated his leanings for reauthorization of preemption in the Fair Credit Reporting Act. The Senate Banking Committee had a mark up scheduled...