News

NAFCU President Fred Becker, in response to NCUA's request for comment on the Proposed Illustrations of Consumer Information for Nontraditional Mortgage Products and the Proposed Illustrations that were simultaneously issued with the Interagency Guidance Regarding Nontraditional Mortgage Products by the five federal regulatory agencies, has written NCUA and expressed his...

The U.S. Computer Emergency Readiness Team, a division of the Department of Homeland Security, recently issued an advisory about a possible cyber attack on U.S. financial institutions.

NCUA and the other federal financial regulators last week issued a revised interagency policy statement on the Allowance for Loan and Lease Losses, supplemented with frequently asked questions.

Credit unions continued their tradition of rewarding members with all sorts of bonuses and dividends.

When all the paperwork has been signed off on, the $24 million Marcy Federal Credit Union will be the seventh credit union to convert to a mutual bank as part of the process of merging with a mutual bank.

Former Treasury Secretary John Snow was as strong a supporter of the credit union tax-exemption as the community has ever seen in that post, but Henry Paulson has shown willingness to dialogue with credit unions. Though no big public announcements have been made by Paulson in support of the tax-exemption...