News

Chartway Federal Credit Union, headquartered in Virginia Beach, will press its out-of-state expansion arrangements with NCUA, according to its CEO Ronald Burniske.

Eight months after placing First Delta FCU into conservatorship following several quarters of difficulties, the NCUA yesterday merged it with Shreveport FCU.

RealtyTrac has reported that almost a third of homes sold nationwide in the first quarter of this year came from homes that were at some point in the foreclosure process.

Speaking on the floor of the Senate, Christopher Dodd (D-Conn.), chief sponsor of the regulatory reform act that bears his name, urged his colleagues to support the measure even if they don't like all of it.

Despite the cap on debit card interchange it contains, a June 29 letter to Rep. Barney Frank (D. Mass) from NCUA Board Chairman Debbie Matz made it clear where the agency comes down on the financial reform package.

Interim President/CEO of the California and Nevada Credit Union Leagues David Chatfield told Credit Union Times today he thinks the NCUA seized the $876 million Arrowhead Credit Union because someone in the agency "had an axe to grind."