News

President Obama yesterday named Deborah Matz, an NCUA board member from 2002-2005, to be the new chairman.

President Obama is scheduled to sign legislation this afternoon that will place tighter restrictions on credit unions and other credit card issuers.

The financial malaise hitting Nevada credit unions and banks "is by no means over" and it is a good thing the state recognized regulatory needs early on, the state's top supervisor, George Burns, said Thursday.

Valorie Seyfert, president/CEO of CUSO Financial Services LP, and Mark Zook, president/CEO of MaPS Credit Union, are the two newest members elected to NACUSO's board of directors.

The African American Credit Union Coalition has three board positions up for election and two incumbents running for re-election.

Credit union employees who want to help their institution maximize its recovery of delinquent loans can sign up for NAFCU's June 3 Webcast.