Regulatory & Compliance

SAN ANTONIO - Disclose more to your members and make a concerted effort to comply with all the new government regulations.

Forty eight credit unions received almost $70 million from the U.S. Treasury's Community Development Capital Initiative program, according to the National Federation of Community Development Credit Unions.

Continuing again NCUA's defense of its corporate actions, Chairman Debbie Matz repeated the industry and agency contention today that last Friday's seizures of three corporates "is not a government bailout."

Receiving NCUA assistance, the $135 million Hope Credit Union of Jackson, Miss. said Friday it is completing a merger effective today of the struggling, low income East Central FCU of Louisville, Miss.

SAN ANTONIO -- Despite setbacks in the quest to get an increase in the cap on member business loans, CUNA President/CEO Bill Cheney said prospects are "not dead yet."

NAFCU has written a letter to the NCUA asking the agency to ease some of its regulations surrounding the registration of mortgage originators.