Regulatory & Compliance

In a letter to the co-chairs of the National Commission on Fiscal Responsibility and Reform, CUNA President/CEO Bill Cheney wrote that if credit unions lose their tax-exempt status, consumers will pay the price.

The NCUA plans to issue projections for the range of costs to credit unions next year for shoring up NCUSIF and repaying part of the Treasury Department's loan to the Temporary Corporate Credit Union Stabilization Fund at its Nov. 18 meeting.

Massachusetts credit unions can now accept deposits above the $250,000 insurance limit under a new law that went into effect last week.

Neal Barofsky, the special inspector general for the troubled asset relief program, has written a highly critical evaluation of the U.S. Treasury's administration of efforts meant to help home owners remain in their homes.

Credit unions lost a close ally when Congressman Paul Kanjorski conceded the race to Hazelton Mayor Lou Barletta.

Listen to an audio file of CUNA's political strategists discussing the results of the elections and the role their trade association's political action committee played in helping credit union supporters on the campaign trail.