News

Geoff Bacino, a former NCUA Board member and career credit union person, was named to the Federal Housing Finance Board this year, starting work there July 28.

The NCUA Board last week voted unanimously to maintain the 1.3% operating level for the NCUSIF into 2007.

Nine months after it was first notified by the House Ways and Means Committee requesting state regulators to collect data from a representative sample of credit unions they regulate in their state in four designated areas, NASCUS expects to complete its data collection by the end of 2006.

Credit Union Times is launching an expanded awards program in 2007. As the leading independent publication in the industry, the awards program is unbiased and open to all credit union professionals and volunteers, making it the premier awards program in the industry. Winners will be selected by the editorial department.

The NCUA Board voted to give federal credit unions the authority to participate in repurchase transactions in which the instruments are comprised of first-lien mortgages at its monthly board meeting last week.

There may be no records kept, but Regional Federal Credit Union of Hammond believes it holds the national title of having the most in-school branches--five of them.