News

Congress shouldn't rush to restructure the way financial services are regulated and consider all options, including ending the NCUA's status as an independent agency, Rep. Paul Kanjorski (D-Pa.) said at the NCUA symposium last week.

In a move to educate more lending professionals, the CUNA Lending Council said it has raised its scholarship budget to $125,000 for 2009 from $55,000 in 2008.

Lobbyists with the Wisconsin Credit Union League expect to support a rate cap of 36%

The NCUA would "maintain its authorities with regard to credit unions," according to a draft of the Obama administration's regulatory restructuring plan that is scheduled to be released later today.

The recession continues to wreak havoc on a handful of Latino credit unions, including at least two community development CUs.

The $50 million Oregon Territory FCU of Salem will merge with $439 million Rivermark Community Credit Union of Beaverton, Ore., the surviving CU announced today.