News

In a Corporate Credit Union Guidance Letter dated Feb. 8 signed by Scott A. Hunt, director of the Office of Corporate Credit Unions, the NCUA left no uncertainty about its intent to show the way forward for corporate CUs.

Working through the large volume of troubled commercial real estate loans will take time as banks go through the difficult process of loan workouts and loan restructurings.

NCUA Chairman Debbie Matz today urged Federal Reserve Chairman Ben Bernanke to ensure that the Fed's rule limiting debit interchange fees contains "meaningful exemptions" for card issuers with assets of less than $10 billion.

The board of directors of the $188 million Har-Co Federal Credit Union has asked for members' opinions about whether the CU should convert from a credit union to a mutual bank charter.

A contest sponsored by the National Credit Union Foundation's REAL Solutions program has brought five examples of the credit union philosophy in action to light.

The California Department of Financial Institutions reached an agreement with FoolProof, the Florida consumer advocacy initiative, to start offering financial literacy curriculum across the state.