Credit Union Times | Accurate and Timely CU News

Senate Jobs Plan Doesn't Include MBL Cap Increase

By Claude R. Marx

When it comes to getting the cap on member business lending being raised, credit unions suffered another setback when the draft of the Senate job creation bill didn't include a provision that would accomplish that.

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Fate of Student Lending Law Uncertain

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ACCU Ponders Big Decisions

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February 09, 2010

NCUA: Constitution Corporate Fully Operational

The NCUA clarified Constitution Corporate Federal Credit Union's regulatory status to the Credit Union Times, saying the $1.3 billion corporate is not under conservatorship, nor has it received a capital infusion or any other new financial support.

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February 09, 2010

WOCCU to Collect, Coordinate and Present Credit Union Basel II Comments

World Council of Credit Unions announced Feb. 1 that it will collect and present credit union input to the Basel Committee on Banking Supervision, which will make revisions to the Basel II Accord this year.

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February 09, 2010

Velocity Staying With NCUA, Opts Out of ASI Switch

In a turnabout, the $481 million Velocity Credit Union of Austin, Texas has decided against switching coverage from the NCUA to a private carrier, American Share Insurance of Ohio.

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February 09, 2010

NCUA Board Approves Interim Capital Rule for Low Income CUs

The NCUA Board has approved changes to the agency's regulations to allow eligible credit unions to use capital they might access from the Troubled Asset Relief Program.

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February 09, 2010

Invest in America Offers New Targeted Incentives

Starting March 1, credit union members in specific employee groups will be able to take advantage of an additional price incentive by getting their vehicle loans at a credit union.

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February 09, 2010

Virginia Battle Over Banks Buying CUs Gains Media Coverage

The legislative scrap brewing in Virginia over bills to permit banks to buy credit unions was capturing national attention this month from both industries, regulators and the media.

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February 09, 2010