WASHINGTON-Senate Banking Committee Republican Staff Director Wayne Abernathy received the green light from the Senate Banking Committee last week on his way to confirmation by the full Senate to the position of Treasury assistant secretary for financial institutions. The vote was unanimous for Abernathy to take the post left vacant...

WASHINGTON-No more teachers, no more books.or so credit union officials thought. Now many are opting to return for the NAFCU Certified Compliance Officer (NCCO) program. In offering the program, NAFCU attorneys are making even more work for themselves. Aside from teaching at the week-long Compliance School, NAFCU's compliance experts are...

WASHINGTON-Bankruptcy abuse reform sounds like a laudable goal. Credit unions have shown near unanimous support for it. Financial publications have devoted gallons of ink to it. But who really understands precisely what is in the bill? U.S. Bankruptcy Court for the District of Illinois Chief Judge Eugene Wedoff has completed...

WASHINGTON- With so many issues in Washington potentially affecting credit unions, just how does CUNA and NAFCU determine which issues they should get involved in? They look to their members. Though CUNA and NAFCU are stationed in the Washington, D.C.-area, their real drive comes from all across the country. With...

ALEXANDRIA, Va.-NCUA tackled several issues during its September board meeting, but none raised as much debate as a typically uncontroversial community charter conversion. The board also discussed foreign branching, federal credit union employee benefits, and made updates to its advertising reg. Additionally, NCUA Chairman Dennis Dollar announced that the agency...

WASHINGTON-The Credit Union Legislative Action Council of CUNA (CULAC) continues to grow exponentially, increasing its power and presence on Capitol Hill. And CUNA is not too shy to shout it from the rooftops. Racking up more than $2.5 million this congressional election cycle (2001-2002), CULAC is really making a name...

WASHINGTON-The unofficial term limit for a CUNA CEO has been seven years in the last two instances. As CUNA President and CEO Dan Mica rounds the corner on his sixth year, he says he is not going anywhere. Mica explained that his contract does not have a technical expiration date....

WASHINGTON-While congressional campaigns raised a total of $604.6 million from January 1, 2001 through June 30, 2002, these numbers still represent a 7% drop from the record levels of the 2000 campaign, according to data released by the Federal Election Commission (FEC). The bulk of the decline can be blamed...