News

The ink is barely dry on the regulations, and the program hasn't officially started, yet Navy Federal Credit Union has already received 2,000 inquires about the Obama administration's programs

The Securities and Exchange Commission has charged Locke Capital Management Inc. with fraud for allegedly creating a fake, Switzerland-based billion dollar client in an attempt to attract legitimate investors.

The NCUA was scheduled to issue rules on overdraft protection to align its rules with those of the Federal Reserve and other financial regulators at its meeting last Thursday.

Retired Western Corporate Federal Credit Union CEO and U.S. Central board member Richard Johnson said he agrees with Callahan & Associates President Chip Filson's calls for members and directors of the failed corporates to challenge the NCUA's actions.

CUNA is asking credit union employees and volunteers to e-mail NCUA board members and urge them to allow that additional premiums caused by the problems of corporate credit unions be spread out.

The NCUA's plan to guarantee deposits at corporate credit unions-which could result in a premium levied on natural person credit unions-was one