ALEXANDRIA, Va.-The members of the NCUA Board have decided not to award their personal Schedule C appointees cash bonuses, as is currently permitted by the Bush administration. Former-President Bill Clinton halted the awarding of cash bonuses for upper level federal government appointees due to the potential for an appearance of...

SAN FRANCISCO-Patelco Credit Union caught the eyes of the credit union community in 2002 when it announced its plan to convert from federal deposit insurance to a private fund. Patelco's members overwhelmingly passed the measure to convert to the American Share Insurance fund with 40,734 votes in favor out of...

WASHINGTON- President George W. Bush announced last Monday that CSX President and CEO John Snow would replace Paul O'Neill as Treasury secretary. CSX is one of America's largest freight railroads. "As we look to a new year and a new Congress, John Snow will be a key advisor on the...

WASHINGTON-Credit union activists in the nation's Capitol have been coming and going throughout 2002, including trade association employees, as well as the federal regulator and key members of Congress. Most notably, the president replaced two-thirds of the NCUA Board in January of this year. NCUA Board Member JoAnn Johnson joined...

WASHINGTON - Mortgage lending has been a boon for credit unions in this tough economic year, and it might get even better with Freddie Mac, CUNA & Affiliates, and CUNA Mutual Mortgage forming a new alliance providing credit unions and their members nationwide access to the secondary mortgage market and...

ARLINGTON, Va.-In NAFCU's 2002 annual meeting with the Federal Reserve Board, the organization presented a report that showed federally insured credit unions are working diligently to expand services to their members and also raised the issue of private insurance. NAFCU's Board met with Fed Governor Mark Olson last Friday. According...

WASHINGTON-Bankruptcy filings are reaching new heights as Congress yet again failed to pass a bankruptcy abuse reform bill. According to the Administrative Office of the U.S. Courts, more bankruptcies were filed during the 12-month period ending September 30 than ever before. Bankruptcy filings jumped 7.7% in fiscal year 2002, from...

ALEXANDRIA, Va.- NCUA Chairman Dennis Dollar said NCUA has not gone as far as the law allows in the past with its FOM policy because of the political makeup of the board, but now, after court rulings consistently in favor of credit unions, four years of experience, and a Republican...