Regulatory & Compliance

The $4 billion Alaska USA Federal Credit Union, long a presence in the Washington State market, has now expanded its footprint in that state.

Effective today, the SBA has permanently increased the 7(a) loan limit from $2 million to $5 million and 504 loans to $5.5 million through provisions under the new Small Business Jobs Act of 2010.

In the wake of reports by some large lenders about problems in their foreclosure review process, the Senate Banking Committee announced today it will hold a hearing when Congress returns next month.

Credit union executives wanting to comply with rules on funding and liquidity risk issued by the NCUA and Federal Financial Institutions Examination Council can participate in NAFCU's Oct. 20 webcast on the subject.

The NCUA's rescue plan for corporate credit unions should "cast doubt on the wisdom and the fairness of their tax-exempt status," Independent Community Bankers of America President/CEO Camden Fine wrote Treasury Secretary Tim Geithner today.

The NCUA issued orders prohibiting two former credit union employees from