News

NCUA Chairman Debbie Matz will answer questions from credit union executives and other interested parties at a Feb. 17 virtual town hall, the agency announced.

Saying she wants to "reverse the disincentive," for credit unions to accept new deposits, NCUA Chairman Debbie Matz asked Congress to let credit unions exclude no-risk assets from their definition of total assets and to allow supplemental capital.

Violators of NCUA's new rule on financial literacy for directors will not be forced to step down or undergo a test, according to CUNA's summary of an audio conference conducted to guide CUs on the basic expectations in the rules.

Credit Union 24 reported that 28 new credit unions signed up with its nationwide ATM and POS network in 2010.

The $700 million Whatcom Educational Credit Union's business department was recently named lender of the year by the Northwest Business Development Association.

CUDL will be representing its more than 900 partnering credit unions at the National Automobile Dealers Association Convention for the eighth consecutive year. The convention will take place Feb. 5 to 7 at the Moscone Convention Center in San Francisco.