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Consumer Group Pushes Protection Agency

By Claude R. Marx

The Consumer Federation of America today cited the one-year anniversary of the collapse of Lehman Brothers and the financial problems it caused as a reason for a new agency to regulate financial products and other pro-consumer actions.

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Supervisory Committee Member Faces Dismissal Over Offensive E-mail

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Intuit Set to Buy Online Financial Provider

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September 13, 2009

Audit Reveals Another $740 Million Loss at U.S. Central

U.S. Central Federal Credit Union's 2008 audit, released Sept. 11, produced a balance sheet with $740 million less capital as of Dec. 31 than reported just one month ago.

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September 13, 2009

Officials Clarify U.S. Central MCS Still Only 63% Impaired Post-Audit

U.S. Central Federal Credit Union and the NCUA have clarified the bottom-line affect the 2008 audit will have on member capital.

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September 13, 2009

Cheney Salary Appropriate, Martinez Says

Bill Cheney, president/CEO of the California and Nevada Credit Union Leagues, received $545,178 in salary and benefits during 2007, plus contributions toward a retirement plan worth $175,512 and a $10,000 expense account.

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September 13, 2009

Matz Says NCUA Won't Specify the Number of Corporates

The NCUA will likely propose stricter rules to regulate allowable risks for corporate credit unions but won't specify the number of corporates that will remain, NCUA Chairman Debbie Matz told Credit Union Times last week.

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September 13, 2009

Bank Failures 'Now Taken in Stride,' Says Alliant's Mooney

The recent spate of bank failures seems to be "taken in stride" by the public with no current evidence of CUs gaining substantial new business, the president/CEO of the $7 billion Alliant Credit Union of Chicago said Monday.

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September 13, 2009

Cross-Selling Investments, Insurance May Fall Short

When it comes to efforts by banks and credit unions to cross-sell investment and insurance products, their attempts may be coming up short.

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September 10, 2009

Richards Out at Dakota League

The Mid-America Credit Union Association representing North and South Dakota credit unions has suddenly lost its CEO, Tony Richards, who has resigned effective Sept. 7.

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Top News Stories

Consumer Group Pushes Protection Agency

Supervisory Committee Member Faces Dismissal Over Offensive E-mail

Intuit Set to Buy Online Financial Provider

Recommended Just For You

News Stories

Audit Reveals Another $740 Million Loss at U.S. Central

Officials Clarify U.S. Central MCS Still Only 63% Impaired Post-Audit

Cheney Salary Appropriate, Martinez Says

Matz Says NCUA Won&#039;t Specify the Number of Corporates

Bank Failures 'Now Taken in Stride,' Says Alliant's Mooney

Cross-Selling Investments, Insurance May Fall Short

Richards Out at Dakota League

Matz Says NCUA Won't Specify the Number of Corporates