Credit Union Management

Another CU opts for savings innovation.

PORTLAND, Ore. — CU Business Group LLC President/CEO Larry Middleman said banks and credit unions may have different approaches with problem loans.

Volunteer Corporate Credit Union today announced its board of directors had unanimously voted to participate in NCUA’s Voluntary Prepayment of Corporate Stabilization Fund Assessments Program.

The National Association of Credit Union Service Organizations is a calling on its members to make their voices heard regarding proposed rules from the NCUA involving new financial reporting requirements and restrictions on investments in CUSOs.

Potential applicants have a month to file.

Upon reaching its Aug. 1 deadline, Missouri Corporate Credit Union announced that it exceeded the capitalization goals under the NCUA’s overhauled regulation.