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NCUA IG Slams Examiner Shortfalls in 10 CU Failures

By Claude R. Marx

If NCUA and state examiners had been more aggressive in their oversight of 10 failed credit unions, losses to the NCUSIF could have been stopped or mitigated, according to a report by the NCUA's Office of Inspector General.

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Arrowhead Closing Eight Branches

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Financial Education a Focus of New Arizona Central Website

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November 29, 2010

Florida CU Offers SEG Employees 'Smart Badge'

JM Associates Federal Credit Union has partnered with its SEG sponsor to offer the company's employees a re-loadable "smart badge."

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November 29, 2010

Senate Banking Committee To Hold Tuesday Hearing On Credit Union Industry

The Senate Banking Committee plans to hold a hearing on the state of the credit union industry next Tuesday afternoon at which NCUA Chairman Debbie Matz will be the sole witness, according to two sources.

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November 28, 2010

ProfitStars Adds Online Account Opening

Web-based account opening has been added to the ProfitStars product lineup, according to Jack Henry & Associates.

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November 28, 2010

CUES and CUNA Mutual Offer Retention Program

CUES and CUNA Mutual Group have teamed up to help credit unions recruit and retain top talent by creating more competitive executive benefits and retirement plans.

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November 28, 2010

SBA Welcomes Louviers FCU to Ranks

The $210 million Louviers Federal Credit Union is the latest credit union in Delaware to become an SBA lender.

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November 28, 2010

California and Nevada League Recognize Two CDCUs

The California and Nevada Credit Union Leagues recognized two community development credit unions for their community outreach efforts.

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November 28, 2010

Small Ailing Calif. CU Appeals for Donations

In an extraordinary appeal, the $6.6 million Mission SF Federal Credit Union is asking CUs to donate funds to help restore its capital and forestall an NCUA-engineered merger or liquidation.

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Top News Stories

NCUA IG Slams Examiner Shortfalls in 10 CU Failures

Arrowhead Closing Eight Branches

Financial Education a Focus of New Arizona Central Website

Recommended Just For You

News Stories

Florida CU Offers SEG Employees 'Smart Badge'

Senate Banking Committee To Hold Tuesday Hearing On Credit Union Industry

ProfitStars Adds Online Account Opening

CUES and CUNA Mutual Offer Retention Program

SBA Welcomes Louviers FCU to Ranks

California and Nevada League Recognize Two CDCUs

Small Ailing Calif. CU Appeals for Donations