WASHINGTON-In comments last week during a panel on mortgage financing, NCUA Chairman Dennis Dollar lauded credit unions' efforts to bring underserved consumers into the fold under the agency's Access Across America initiative. His remarks were part of the White House's conference "Blueprint for the American Dream." Dollar noted that credit...

ALEXANDRIA, Va.-After literally years of debate and preparation, not everyone is satisfied with the new corporate credit union rule approved at last week's NCUA Board meeting, not even one of the board members. With some concessions to the credit union industry the new Part 704 passed by a 2-1 vote,...

WASHINGTON-The Treasury Department recently issued official guidelines delaying the statutory October 25 compliance date with the USA PATRIOT Act Section 326 and proposed rules by federal financial institutions regulators. CUNA and NAFCU supported the PATRIOT Act's passage but have worked toward delaying the compliance date in their comment letters and...

WASHINGTON-Federal credit unions have obliterated last year's record for adding underserved areas by nearly one million in just the first three quarters of 2002. In the first nine months of this year, 184 federal credit unions have added 303 underserved areas for just over 17 million new potential members in...

WASHINGTON-The Treasury and Education Departments have suggested various options for incorporating financial education into school curricula and issued a white paper on the subject. The announcement also signified the kickoff of the Treasury Department's Office of Financial Education, which is headed up by Deputy Assistant Secretary for Financial Education Judy...

WASHINGTON-NCUA Chairman Dennis Dollar was selected to participate in a White House panel on minority homeownership Tuesday, October 15 at George Washington University's Marvin Center in Washington, D.C. The panel is entitled The President's Homeownership Challenge: A Blueprint for the American Dream. President George W. Bush and U.S. Department of...

ROCKY RIVER, Ohio-After months of investigating the alleged shady dealings of United Telephone Credit Union CEO Martin Hughes, the state regulatory body has drafted an agreement with the 83-year-old, according to Ohio's Plain Dealer. The Ohio Commerce Department's Division of Financial Institutions is apparently allowing Hughes to maintain his position,...

ARLINGTON, Va.-According to the latest NAFCU Flash Report, surveyed NAFCU members said they find economic data a useful tool in their strategic planning sessions. Of the approximately 120 credit unions surveyed, 94% said they incorporate an economic presentation into their strategic planning sessions. Thirty-three percent responded that the analysis was...