News

The recession has hurt community development credit unions but has not knocked them out, according to a report from the National Federation of Community Development Credit Unions

CHICAGO - The NCUA won't allow the NCUSIF's equity ratio to fall below 1.2% for long because doing so would be "irresponsible,'' NCUA Chairman Debbie Matz said today at a luncheon address at NAFCU's Annual Conference.

The Credit Union Association of Colorado said Thursday it has named O'Rourke & Associates, the executive recruiting firm, to conduct the search for a new president/CEO succeeding John Dill, who resigned in May.

June 30 call reports for the $808 million Arrowhead Central CU, released late yesterday by the NCUA, reveal the institution was running at a $1.45 million loss shortly after its June 25 conservatorship.

Attracted by basic functionality, American consumers have nearly doubled their use of mobile banking in the past 18 months, according to a new report from Forrester Research.

The NCUA Board is scheduled to unveil a proposed rule that would deal with regulating retirement packages of credit union executives at its meeting next Thursday.