News

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.

The Make-A-Wish Foundation of New Hampshire has appointed Northeast Credit Union President/CEO Peter J. Kavalauskas to serve on its board.

Both the Pennsylvania Banking Department and Connecticut Department of Banking saw new faces in their respective state regulators' chairs in 2006. On Aug. 15, Pennsylvania Banking Secretary A. William Schenck resigned from the government position after three years of service to take a private sector job. Noted for his support...

NCUA issued a letter to credit unions calling attention to modifications made to the fourth quarter call reports.