News

In a letter to NAFCU Senior Counsel and Director of Regulatory Affairs Carrie Hunt, Treasury Deputy Assistant Secretary for Tax Analysis Robert J. Carroll explained that the Treasury Department is not suggesting taxing credit unions.

The Department of Defense has released its final regulation capping interest rates--and creating a new Military APR--at 36% on payday loans, vehicle title loans, and tax refund anticipation loans.

A pending trip to attend a conference of Russian and Eastern European credit union leaders is giving Clifford Rosenthal, the Executive Director of the National Federation of Community Development Credit Unions a chance to feed some of his Russian roots.

Colorado Commissioner of Financial Services Chris Myklebust said today, "NCUA is calling the shots" on when and if the agency would start a bidding procedure in spinning off the troubled $400 million Norlarco Credit Union of Fort Collins now in a so-called "daylight conservatorship."

Colorado Commissioner of Financial Services Chris Myklebust said today, "NCUA is calling the shots" on when and if the agency would start a bidding procedure in spinning off the troubled $400 million Norlarco Credit Union of Fort Collins now in a so-called "daylight conservatorship."

In a new twist to NCUA's takeover of two Colorado credit unions, the state's largest, the $1.5 billion Bellco Credit Union, is waging a bold media bid this month to woo former New Horizons Community members to switch institutions.