News

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

The agency is launching a multimedia ad campaign on the safety of credit union deposits during this weekend's NCAA men's and women's basketball tournaments that are airing on CBS.

Consumers bought more big-ticket items such as cars, appliances and office equipment last month, the Commerce Department reported today.