News

George Reynolds, who was NASCUS' chairman from 2007-2009, will retire from his post as senior deputy commissioner of the Georgia Department of Banking and Finance at the end of the April.

NAFCU President/CEO Fred Becker told the Credit Union Times today he thinks the NCUA is "trying something similar" to the FDIC as it attempts to separate toxic assets from corporates seeking recapitalization.

Steve Fowler, executive vice president and principal lobbyist for the South Carolina Credit Union League, was tapped Monday as its new CEO.

The $1.5 billion GECU in El Paso, Texas said it has seen such robust business services growth that it has moved that department to a bigger facility.

Credit unions that rely on card interchange for a good part of their noninterest income should see improved numbers from February and going forward, according to First Data Corp.

Community Development Financial Institutions need more money to meet the demands of the low-income communities that were disproportionately hurt during the recent economic downturn.