ALEXANDRIA, Va.-Gilbert Gonzalez, deputy undersecretary for policy and planning for the U.S. Department of Agriculture Rural Development Office, is the most recent name to be added to a list of potential NCUA Board appointees, according to a source knowledgeable about the NCUA Board appointment process. The White House began vetting...

WASHINGTON-CUNA President and CEO Dan Mica wrote a letter to the editor published in the April 25th edition of the American Banker countering a banker's accusation in an earlier letter that NCUA's proposed member business lending rule would take business loans from small banks. "The average credit union member business...

ALEXANDRIA, Va.-NCUA Chief Financial Officer Dennis Winans announced at the NCUA Board's April meeting that he anticipates 10% savings growth, bringing the National Credit Union Share Insurance Fund's equity ratio down slightly to 1.26% by year-end 2003 from 1.27% the previous year. American Share Insurance quickly came out with a...

WASHINGTON-NCUA, together with the Treasury Department, Treasury's Financial Crimes Enforcement Network, and six other federal financial regulators recently issued final rules establishing procedures for verifying a new accountholder's identity. The final rules will require financial institutions to establish a Customer Identification Program for obtaining identifying information from customers opening new...

ALEXANDRIA, Va.-The credit union merger trend continued through the month of March with 24 credit unions merging with 24 others. According to NCUA's Regional Office Summary of Actions Taken Under Delegated Authority, 13 federal credit unions and 11 state charters merged into 12 federal credit unions and 12 state charters....

ALEXANDRIA, Va.-Part-time federal credit union employees are permitted to serve on a federal credit union's board of directors so long as the responsibilities as an employee are distinct from that of the board responsibilities, according to a recent NCUA legal opinion letter. The letter came in response to a request...

ALEXANDRIA, Va.-NCUA Region II Associate Regional Director John Owen Cole, Jr., has been named the new director of the agency's Office of Strategic Program Support and Planning. Starting June 24, 2003, Cole will be responsible as OSPSP director for providing expertise in investment and portfolio management and strategic planning. "Owen...

ALEXANDRIA, Va.-The NCUA Board had a full agenda for its nearly two-hour monthly board meeting last week, approving final rules for overseas branching, federal credit union employee benefits, and advertising with the NCUA logo, as well as three community charter requests and the quarterly insurance fund review. NCUA's long-awaited final...