News

ST. LOUIS -- Offering its own version of a stimulus package to aid the industry, the Missouri Credit Union Association is returning nearly a quarter of its dues for 2009 to its members.

WASHINGTON -- Two of the industry's leading consultants, former NCUA Chairman Dennis Dollar and Callahan and Associates President Chip Filson, were among those weighing in last week on NCUA's corporate rescue plan.

Fitch has also placed all individual ratings on rating watch negative. The rating outlook is stable for all long-term IDRs.

ARLINGTON, Va. -- CUNA President/CEO Dan Mica said the economic crisis, coupled with the large number of vacancies in the Treasury Department are combining to create many unknowns about federal policies affecting credit unions.

ALEXANDRIA, Va. -- The NCUA has a new top enforcer. Region V Director Melinda Love was named director of the agency's Office of Examination and Insurance last week.

Fitch Ratings took negative ratings action on individual corporates on Feb. 10, citing economic turmoil, credit market disruptions and exposure to potential write-downs of their paid-in-capital and PIC II investments at U.S. Central.