News

CUNA and NAFCU said the 13% budget increase approved by the NCUA Board today was excessive given the financial difficulties facing many credit unions.

Corporate credit unions would higher capital requirements, more limits on the type of investments they can make and more disclosure requirements for the executive and board compensation under proposed rules that the NCUA sent out for public comment today.

More than 1,000 people tuned in yesterday to the NCUA's Webinar on member business lending with delinquencies and examiners' expectations being among the hottest topics of discussion.

ALEXANDRIA, Va. -- NCUA CFO Mary Ann Woodson told the board today that as a result of the sluggish economy, 5.58% of all insured shares are in credit unions with CAMEL 4 or 5 ratings and there are 337 credit unions with such ratings.

Consumer prices increased 0.3% last month, the Labor Department reported today.

Here's a tale about an ex-credit union CEO who abandoned the industry to take up a quirky new line of business and this month again received national TV exposure.