Garden Savings Federal Credit Union has agreed to a Cease & Desist Order from NCUA, without admitting or denying fault, for Bank Secrecy Act noncompliance, the regulatory item credit unions often cite as the most onerous.
Reverse mortgages are beneficial for certain older homeowners if all aspects are taken into consideration, CUNA Chief Economist Bill Hampel told CNNMoney.com in a recent article.
NAFCU collected over $200,000 more in dues in 2006 over 2005, but there has not been a dues increase; it is because of the health of the industry and its membership.
The Web site created by Wings Financial Federal Credit Union during its merger campaign towards members of Continental Federal Credit Union has recently been updated with a new invitation encouraging Continental Airline employees to join.
House Financial Services Committee Chairman Barney Frank (D-Mass.) has written the five federal financial institution regulators, including NCUA, on compliance with the Social Security Act's prohibition on the garnishment of federal benefits.
