News

Climaxing months of negotiation, the Credit Union Association of Colorado and the $4.1 billion Security Service Federal Credit Union of San Antonio confirmed today that the Texas CU will become a full-dues paying member of the trade group in 2008.

Climaxing months of negotiation, the Credit Union Association of Colorado and the $4.1 billion Security Service Federal Credit Union of San Antonio confirmed today that the Texas CU will become a full-dues paying member of the trade group in 2008.

NCUA Chairman JoAnn Johnson announced today that Jeremy Carl has been appointed associate director of external affairs.

Although NCUA's rules and disclosure regulations governing the process of converting from a credit union to bank charter draw the most attention, they are hardly the only regulatory hurdles many CUs considering making the change face, according to a leading consultant in the process.

As a means to meet the mortgage and business loan needs of its members, Family First Federal Credit Union has opened its Home and Business Loan Center.

Documents have come to light that substantiate a former executive's account of the situation with Lafayette Federal Credit Union's Bank Secrecy Act compliance at the time the CU was trying to convert to a mutual bank charter.