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NCUA Report Faults Cal State 9 Management/Regulators in CUs Demise

By Claude R. Marx

The management of Cal State 9 Credit Union made "poor strategic decisions," and lacked the experience to understand the risks of subprime lending and its HELOC program while NCUA examiners failed to recognize the risks and take corrective action.

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CUES, Currency Marketing on the Lookout for 'Next Top Exec'

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NCUA and Kappa Alpha Psi FCU Sign Letter of Understanding and Agreement

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April 18, 2010

Study Suggests Shared Branching CUs Have More Profitable Members

A study commissioned by CO-OP Financial Services, the parent CUSO of CO-OP Shared Branching, reports that credit union members who use their credit union's shared branching services are more profitable for their CUs.

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April 18, 2010

NASCUS Urges Preservation of State Autonomy and Allowing Secondary Capital

Today NASCUS said that the "encroachment of federal preemption only weakens the states' strong front-line defense against deceptive and unlawful financial services practices."

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April 18, 2010

CEOs Need 'Merging Competency,' Finds CUNA Report

Credit union CEOs have developed a newfound "merger competency" that is fast becoming part of their skill set, according to a new white paper report issued Monday by the CUNA Councils.

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April 18, 2010

MMAs Ascend as CD Balances Fall

Since February 2009, certificates of deposit balances at credit unions have declined by $10 billion while money market accounts increased by $29 billion.

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April 18, 2010

First New Charter in Years to Be Formed in Washington State

Washington State may have its first new credit union in seven years to be located on one of Seattle's commuter islands in the Puget Sound.

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April 18, 2010

Senate Could Begin Reg Restructuring Debate This Week

Depending on the outcome of certain procedural votes, the Senate could start its debate on legislation to revamp the regulation of financial services as early as Wednesday.

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April 18, 2010

Numark CU Adopts New E-Alerts System

An Illinois credit union has gone first with a new alerts system that lets it notify members either by e-mail or text of individual account or system-wise events.

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Top News Stories

NCUA Report Faults Cal State 9 Management/Regulators in CUs Demise

CUES, Currency Marketing on the Lookout for 'Next Top Exec'

NCUA and Kappa Alpha Psi FCU Sign Letter of Understanding and Agreement

Recommended Just For You

News Stories

Study Suggests Shared Branching CUs Have More Profitable Members

NASCUS Urges Preservation of State Autonomy and Allowing Secondary Capital

CEOs Need 'Merging Competency,' Finds CUNA Report

MMAs Ascend as CD Balances Fall

First New Charter in Years to Be Formed in Washington State

Senate Could Begin Reg Restructuring Debate This Week

Numark CU Adopts New E-Alerts System