Credit Union Times | Accurate and Timely CU News

AACUC Board Seats Up for Election

By Michelle A. Samaad

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

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NAFCU Offers Webcast on Recovering Delinquent Loans

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NCUA Extends Liquidity Guarantee Program

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May 20, 2009

'Common Sense' Should Be Director Travel Guide, Says Bone

Basic "common sense" with an eye on keeping extravagant junkets in check should guide credit union boards in dictating travel policy of volunteers, one of the industry's most prominent chairman, Wesley Bone of Maryland, said Thursday.

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May 20, 2009

Georgia Central 'Gratified' By Reynolds' Congressional Kudos

During yesterday's House Subcommittee on Financial Institutions and Consumer hearing, witness George Reynolds, had supportive words for his state's corporate, the $2 billion Georgia Central Credit Union.

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May 20, 2009

Elan May Find it Has Some Convincing to Do on TNB Buy

Elan Financial Services may have purchased CU credit card portfolios from TNB Card Services, but it may have a ways to go to win over those credit unions.

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May 20, 2009

Members United: Higher Capital Requirements Would Provide Flexibility

Kevin Brauer, Members United Corporate FCU's executive vice president, member relations, said corporate capital has historically been adequate to weather previous economic cycles.

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May 20, 2009

NCUSIF Reserve Balance and Assets Up, Despite Slight Income Loss

The NCUSIF's reserve balance was $5.3 billion last month and the fund lost $2.5 million in income, NCUA Chief Financial Officer Mary Ann Woodson told the board today.

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May 19, 2009

On-Site Coverage:NCUA to Impose Stricter Capital Requirements on Corporates

WASHINGTON -- Corporate credit unions would have to keep a 5% core capital leverage ratio to be considered well capitalized under rules that the NCUA plans to discuss later this year, NCUA Chairman Michael E. Fryzel told lawmakers today.

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May 19, 2009