Saying that the proposed changes to the rules on corporate credit unions are "significant and deserve thorough consideration by the credit union system,'' CUNA President/CEO Bill Cheney is asking the NCUA to extend the comment period by 60 days.
Net income and net worth increased at federally insured credit unions during the third quarter but overall lending was flat and the rate of member bankruptcies increased over last year, according to data released today by the NCUA.
It was no accident an historic North Carolina landmark, the mansion home of R.J. Reynolds cigarette heirs, was used this month for a special--and now first of its kind--credit union conference.
In an open letter to small business owners, SBA Administrator Karen Mills described requirements that small businesses report all transactions greater than $600 as "burdensome," and called for their repeal.
The $746 million San Francisco Federal Credit Union has signed on with a reverse mortgage consultant firm to offer its members the popular retirement option.
