Credit Union Management

Parts of a proposed Federal Reserve regulation that would require credit unions to reduce the hold time on certain checks could increase the incidents of fraud and threaten safety and soundness, according to letters from CUNA, NAFCU and several credit unions.

The nations second largest mega-merger, that of the $4.7 billion California pairing of Kinecta FCU and NuVision FCU, moved a step closer this month with a formal application filed with the NCUA.

After several months of studying the idea, the Maryland and DC Credit Union Association and New Jersey Credit Union League have decided not to merge.

The words “not possible” and “can’t be done” do not compute for Amanda Thomas, marketing/business development manager at Columbus, Ohio-based Members First Credit Union.

Plans were already on the table for South Carolina Federal Credit Union to launch another credit union service organization when one of the biggest threats to the industry started to reverberate.

Seattle-based financial literacy show now aired on 340 public television stations.