News

NAFCU has refrained from making concrete suggestions about what sort of structure a new Fannie Mae or Freddie Mac might one day have but has urged legislators to preserve their ability to help CUs manage mortgage liquidity.

ATLANTIC CITY, N.J. -- NCUA Associate Region II Director for Operations Herb Yolles told New Jersey credit unions today that NCUA examiners are going to on the lookout for five particular problems.

California's central valley economy "may be as bad as it gets," but that has not precluded Valley First Credit Union of Modesto from becoming the successful bidder on the failed Tracy FCU, its president/CEO Henry Barrett said Tuesday.

WASHINGTON -- Treasury Secretary Timothy Geithner went to a conservative leaning thing tank yesterday to make the case for revamping financial regulations in a manner that provides "strong protection for consumers."

For the second time in a month, NCUA Chairman Debbie Matz rejected a request by a credit union trade association to lower the NCUSIF operating level but said the agency would revisit the issue in September.

That was quick. A legislative procedure that some thought might take five days took about 30 minutes yesterday.