Credit Union Management

At a joint breakout session yesterday with NCUA and the New Jersey Division of Banking during the New Jersey Credit Union League's Annual Meeting here, representatives from the regulators provided an overview of the health of N.J. CUs.

ACUMA President Bob Dorsa challenged the 200+ attendees at its Fall Conference here to make history today. "The future of what happens in the credit union movement for the next 10-20 years lies in this room. That is to make credit unions one of the leading providers of home mortgages...

House Financial Services Committee Chairman Barney Frank (D-Mass.) reiterated once again that he plans to hold a full committee hearing on the Credit Union Regulatory Improvements Act (H.R. 1537) this fall.

For some credit unions, hiring more financial advisors and drumming more referrals may be the drivers to boosting their investment programs, which, not surprisingly, currently lag behind their bank counterparts.

House Financial Services Committee Chairman Barney Frank (D-Mass.) has had a good relationship with credit unions, but that will not shield them from consideration under an expansion of the Community Reinvestment Act.

NAFCU's 2007 Congressional Caucus coverage