Credit Union Times | Accurate and Timely CU News

NCUA and Kappa Alpha Psi FCU Sign Letter of Understanding and Agreement

By Claude R. Marx

Poor recordkeeping and unsafe loan practices are among the conditions that officials of Kappa Alpha Psi Federal Credit Union agreed on in a letter of understanding and agreement with the NCUA to improve, according to documents released today by the NCUA.

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Study Suggests Shared Branching CUs Have More Profitable Members

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NASCUS Urges Preservation of State Autonomy and Allowing Secondary Capital

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April 18, 2010

CEOs Need 'Merging Competency,' Finds CUNA Report

Credit union CEOs have developed a newfound "merger competency" that is fast becoming part of their skill set, according to a new white paper report issued Monday by the CUNA Councils.

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April 18, 2010

MMAs Ascend as CD Balances Fall

Since February 2009, certificates of deposit balances at credit unions have declined by $10 billion while money market accounts increased by $29 billion.

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April 18, 2010

First New Charter in Years to Be Formed in Washington State

Washington State may have its first new credit union in seven years to be located on one of Seattle's commuter islands in the Puget Sound.

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April 18, 2010

Senate Could Begin Reg Restructuring Debate This Week

Depending on the outcome of certain procedural votes, the Senate could start its debate on legislation to revamp the regulation of financial services as early as Wednesday.

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April 18, 2010

Numark CU Adopts New E-Alerts System

An Illinois credit union has gone first with a new alerts system that lets it notify members either by e-mail or text of individual account or system-wise events.

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April 18, 2010