News

WASHINGTON -- Any effort to improve the way financial services are regulated should include giving credit unions a risk-based capital system because it would benefit consumers, CUNA President Dan Mica wrote chairman and ranking Republican of the House Financial Services Committee.

WASHINGTON -- Despite their recent problems in light of the subprime crisis, Fannie Mae and Freddie Mac are "adequately capitalized," Treasury Secretary Henry S. Paulson told lawmakers today.

SAN DIEGO, Calif. -- NCUA Vice Chairman Rodney Hood announced the launch of a new agency initiative to NAFCU Annual Convention goers yesterday. Blueprint 20/20 will help credit unions attract a new generation of interns, new hires, volunteers and members to the industry.

SAN DIEGO, Calif. -- NCUA Vice Chairman Rodney Hood drew the loudest cheers from yesterday afternoon's NAFCU convention crowd when he announced something he doesn't support: making credit union executive compensation public.

DALLAS -- Texas Credit Union Commissioner Harold Feeney said his agency is working closely with the $2 billion Texans Credit Union after the institution has taken substantial hits in its construction and development portfolio.

SAN DIEGO, Calif. -- Savings programs might be more successful if they are linked to credit programs, said Sarah Shirley, director of the Consumer Federation of America's Military Saves program.

SAN DIEGO, Calif. -- The Army and Air Force Exchange Service partnership with JPMorgan Chase to offer a co-branded MasterCard was driven by military budget shortfalls, said Michael A. Bilbrey, senior accounting officer in the Pentagon's financial management office.

WASHINGTON -- The controversy over Unrelated Business Income Tax will be discussed from the management and accounting perspectives at NASCUS' annual meeting next month in Seattle.