News

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.

After CUNA lost its two top lobbyists to NCUA early this year the group filled the slots with seasoned Hill staffers.

Kathryn Gonzales was named the new president/CEO of Members Business Services, LLC. Gonzales, who previously served as senior vice president of branch administration and sales at $1 billion Arrowhead Credit Union, succeeded Steve von Rajcs, who left in spring 2005. Launched in 2003, MBS provides commercial loans and deposit services...

In a Supervisory Letter earlier this year distributed to all examiners as well as federal credit unions, NCUA hoped to steer examiners away from the suggested 1% return on average assets to achieve a CAMEL 1 rating.