News

WASHINGTON-Everyone wanted in on helping credit unions in the areas hardest hit by Hurricane Katrina and other storms this summer. NCUA activated its emergency response policies, helped get and keep credit unions up and running by various means as necessary, and sent economic development specialists to the areas to help...

WASHINGTON - Credit unions dropped millions, if not tens of millions of dollars in 2005 on the cost of closing and reissuing credit and debit cards for members whose card data was compromised in a series of enormous breaches of card security. The names of the cases, which came in...

WASHINGTON - The National Community Reinvestment Coalition kept up its periodic attack on credit unions for allegedly not doing enough to serve low-income communities in 2005, thus helping to keep the topic alive. NCRC is the umbrella group of more than 800 groups and institutions, including the National Federation of...

WASHINGTON - Several developments in the ongoing guidance phase from the IRS on the treatment of 457(f) deferred compensation plans occurred this year. It's been more than a year and a half since an IRS private letter ruling which told a federal credit union that, as a federal instrumentality, it...

WILMINGTON, Del. - If the market for CU card portfolios continues to slow next year, one reason may be the pending merger between card giant MBNA and Bank of America. Announced at the end of June and scheduled to be completed by the end of 2005, the merger between the...

WASHINGTON - The destructive hurricanes that tore through several states this year forced many government agencies to get creative real quick on how to rebuild homes and businesses. Among them was the SBA, which had previously come under fire from some small business owners for how slow the agency was...