SEATTLE-According to NCUA Chairman Dennis Dollar, speaking to the NAFCU Annual Conference, the agency plans to have a new field of membership proposal out for comment by the end of the year. "With appropriate time for the commenters to be heard and your views evaluated, my goal is to see...

SEATTLE-Small Business Administration (SBA) Administrator Hector Baretto announced at NAFCU's Annual Conference that credit union participation in the agency's 7(a) lending program is a matter of "not if, but when." While the SBA is still looking for a solution to permitting broader credit union participation in government-backed business lending, Baretto...

WASHINGTON-The national credit union trade associations wrote NCUA on its initial draft of the agency's 2003-2008 Strategic Plan complaining that the regulator needed to be more specific on certain items, namely security issues after the events of September 11 and agency staffing. Staffing, which eats up the majority of NCUA's...

ALEXANDRIA, Va.-In its last permitted review of credit union vendors, NCUA found several flaws with vendor services security and risk management procedures. NCUA's authority to review vendors sunset at the end of last year under the Examination Parity and Year 2000 Readiness for Financial Institutions Act of 1998, while all...

ROCKY RIVER, Ohio - It's not just Corporate America that is being rocked with accounting scandals, CUs have their own share too. Martin Hughes, CEO of United Telephone Credit Union, is being accused of using funds from a former employer to pay the credit union's expenses. United Telephone, Hughes, his...

WASHINGTON-While it may seem a philosophical anomaly, CUNA's new Legislative Manager Leon Peace, formerly with the American Bankers Association (ABA), has been a credit union member since he was in college. He has belonged to several different credit unions since then, but primarily uses Wright Patman Congressional Federal Credit Union....

ALEXANDRIA, Va.-While two new NCUA Board members were appointed at the end of January, with the Community Action Plan (CAP) issue still in play, everyone in the credit union community had a keen eye on the Democratic board appointee. A sigh of relief could be heard when newly-installed NCUA Board...

ATLANTA - Don DeCinque, president of Atlanta Postal Credit Union with $1.23 billion in assets, started his career with the credit union just out of college. He began working as a teller in 1981, when the credit union had a mere $74 million in assets and less than 20 employees....