News

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...

The Federal Reserve Board announced recently that it had approved an interim final rule to eliminate several statutory reporting and disclosure requirements relating to insider lending by insured depository institutions and was seeking public comment on it.

From the Oregon coast to Atlantic City, the credit union message of awareness, advocacy and membership underwent a large-scale tune up in 2006 conveyed by characters as diverse as Bob the Credit Union Guy or those BizKid$ from Junior Achievement. Leading the yearlong drive to test new and creative approaches...

As a result of hearings in the House Ways and Means Committee late in 2005, NCUA and the Government Accountability Office released data recently outlining credit union service to those of modest means and providing executive compensation data; GAO also performed a study of NCUA's objectivity. The two studies came...

The largest ever corporate credit union merger closed in 2006.

The NCUA Board took on a number of serious issues impacting the entire industry over 2006 and there appears to be no let up for 2007.