Credit Union Times | Accurate and Timely CU News

On-Site Coverage: NCUA Approves 12bp Assessment

By Claude R. Marx

ALEXANDRIA, Va. -- The NCUA Board has approved an assessment of 12.42 basis points that federally insured credit unions must pay to shore up the NCUSIF, which has seen its assets drained because of losses in the credit union system.

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On Site Coverage: Broadcasters Winning Nevada Senate Race

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CRA Hearing Canceled; Frank Says He Opposes CRA Expansion to Include CUs

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September 15, 2010

Senate Passes Small Business Lending Bill Without MBL Hike

The Senate today passed a small business lending bill that includes a $30 billion fund to encourage community bank lending-but without a provision to raise the cap on member business loans from 12.25% to 27.5% of assets.

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September 15, 2010

On Site Coverage: Distressed Property Holding Back Mortgage Markets

LAS VEGAS -- Radian Guaranty CEO Teresa Bryce told credit union mortgage executives that the numbers of foreclosed and distressed properties were weighing down the mortgage market.

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September 15, 2010

ETF Growth Expected to Slow

After a rush of activity over the last five years, CUSOs that offer exchange-traded funds might see a slowdown in growth over the next four years.

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September 15, 2010

Fiserv Confab Draws 1,700 to Vegas

Fiserv Inc.'s second annual credit union client conference drew about 1,700 attendees to Las Vegas for three days of classes, product and service showcases and speeches, the company said.

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September 15, 2010

SOFCU and Oregon First Work Toward Merger of Equals

SOFCU Community Credit Union and Oregon First Community Credit Union today announced their intent to merge in early 2011 pending regulatory approval and a vote of SOFCU's membership.

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September 15, 2010

On Site Coverage: Real Estate's Impact On Local Economies Often Undervalued, Exec Says

LAS VEGAS -- One of the nation's leading real estate executives offered credit union mortgage executives a robust defense of the home buyers tax credit that had been in place earlier this year.

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September 14, 2010