News

Ensuring the safety of credit unions, making regulations more transparent and educating citizens about credit unions are among the proposed goals of the NCUA for 2011-2016.

The NCUA plans no discussion or action "at this time," on the agency report issued this week that supported the idea of secondary capital for credit unions, NCUA Chairman Debbie Matz said.

Citing competing business interests, William B. Eckhardt, a CUNA Mutual board member since 2005 and president/CEO of Alaska USA Federal Credit, has resigned his CUNA Mutual director seat.

The $183 million Mutual Savings Credit Union of Birmingham, Ala., placed into a controversial conservatorship by regulators a year ago, is on the mend and is recording a profit for the first quarter, president/CEO Douglas Key said last week.

As the SEC reports a rise in investment scams that target the elderly, the Pacific Service Credit Union is doing its part to protect them from financial abuse.

In a rebranding move, the League of Southeastern Credit Unions has adopted a new name--Leverage--for its newly consolidated service corporation combining entities of the Florida and Alabama leagues.