News

Credit union employees who want to learn how to comply with the Home Mortgage Disclosure Activity reporting requirements that recently went into effect can participate in NAFCU's Dec. 2 Webcast on the subject.

Financial institutions with assets of less then $50 billion wouldn't have to pay into a fund aimed at rescuing large companies deemed "too big to fail," as a result of an amendment passed by the House Financial Services Committee yesterday.

J. Benson Porter, chief executive officer at the $2.4 billion Addison Avenue Federal Credit Union, was elected to the board of the Federal Home Loan Bank of San Francisco earlier this week. Porter said he will begin serving his four-year term Jan. 1.

OMEGA Federal Credit Union has tapped former Security Credit Union Executive Vice President/Chief Financial Officer Troy L. Garvin as its new CEO.

CUNA CEO Dan Mica praised today's General Accounting Office report on credit card interchange for recognizing how important card interchange is for card issuing credit unions.

The NCUA's proposed prompt corrective action rules for corporates would give the regulator greater authority than it has today.