News

An alternative plan for regulatory reform to be unveiled by Senate Republicans would create a consumer protection council, which wouldn't be empowered to be the main examiner of credit unions on consumer issues.

Members United Corporate FCU posted its March 2010 financial reports online today (www.membersunited.org/FinancialCenter.html); but, like the $8.5 billion institution's year-end figures, they do not include investment losses.

LAS VEGAS -- On the minds of many of the attendees and speakers at NACUSO's annual conference this week will likely be credit unions and their pressing challenge to remain sustainable.

LAS VEGAS -- Credit unions clinging to the traditional methods of doing businesses may get left behind as industries evolve in the social medial and international realm Pepperdine University Professor Gary Mangiofico said.

Following a quarter in which St. Paul Croatian FCU reported a substantial decline in the value of its real estate and secured loans, the NCUA on Friday placed it into conservatorship.

The Senate late this afternoon is scheduled to hold a procedural vote on whether to begin consideration of a regulatory restructuring bill, though there hasn't been an agreement on what the measure will look like.