News

While NAFCU President/CEO Fred Becker wrote that the group appreciated changes to the legislation to address some concerns, the issue of regulatory burden associated with The Mortgage Reform and Anti-Predatory Lending Act of 2007 (H.R. 3915) remains.

The NCUA made a clean sweep at the troubled Cal State 9 Credit Union last Friday, not only dismissing CEO Jackie Wong but also disbanding the entire board of directors. In an apparent swipe at the Board's lack of oversight in the CU's real estate lending portfolio--which was heavily weighted...

The NCUA made a clean sweep at the troubled Cal State 9 Credit Union last Friday, not only dismissing CEO Jackie Wong but also disbanding the entire board of directors. In an apparent swipe at the Board's lack of oversight in the CU's real estate lending portfolio--which was heavily weighted...

The NCUA Board agreed to liquidate $7 million Green Tree Federal Credit Union yesterday.

The NCUA Board agreed to liquidate $7 million Green Tree Federal Credit Union yesterday.

It was a stunning and puzzling member defeat two years ago, but now after months of well-orchestrated campaigning the $600 million Kitsap Community Federal Credit Union is set to switch to a state charter at month's end enabling geographic expansion.