News

Harland Financial Solutions' new Deposit Benchmarking Database was used by Aite Group to assess the deposit performance of a number of credit unions, thrifts and banks ranging in size from $100 million to $50 billion. Among the think firm's findings was the considerable impact of small businesses on deposit growth....

Last week, the House passed the Federal Housing Finance Reform Act of 2007 (H.R. 1427)--better known as the GSE bill--by a vote of 313-104.

Following arguments over bylaws between members and management of credit unions considering mutual savings bank conversions, NCUA's policy of relying on the state court system to clear things up proved to be less than desirable. As a result, NCUA is seeking to re-incorporate the Federal Credit Union Bylaws into its...

Democrat Felipe Fuentes won a special election to the California State assembly following a five-way race. Fuentes, a former Los Angeles deputy mayor and City Council aide, will represent the northeast San Fernando Valley. The election was held to replace Richard Alarcon, who left the assembly in March to return...

The Community Development Financial Institutions Fund has announced that it will hold a meeting of its Community Development Advisory Board June 7 in New Orleans.

In an address before the 2007 Michigan Credit Union League Annual Convention and Exposition, NCUA Vice Chairman Rodney Hood stressed the importance of meetings like this one to keep credit union leaders at the top of their game. In general, nearly every industry today has many of the same challenges...