News

The Financial Accounting Standards Board delivered very good news to corporate credit unions yesterday.

NCUA should release as much data as possible from the forthcoming analysis of corporate credit unions' holdings of asset-backed securities, NAFCU President Fred Becker wrote in a letter to NCUA Chairman Michael E. Fryzel.

The $16.5 billion State Employees' Credit Union has, so far, had more than 500,000 of its credit and debit cards involved in the Heartland Payment Systems breach and is facing the prospect of more, according to the credit union's CEO Jim Blaine.

WASHINGTON - Federal Reserve Chairman Ben S. Bernanke is scheduled to give his semi-annual report on monetary policy during a hearing of the House Financial Services Committee next Wednesday.

Credit union employees interested in learning how to comply with the changes in the Real Estate Settlement Procedures Act can sign up for NAFCU's March 4 Webcast on the subject.

The NCUA Board plans to vote whether to finalize rules about how credit unions must display signs indicating they have insurance coverage at its meeting next Thursday.