Regulatory & Compliance

The planned merger by Navy Federal Credit Union of the long-troubled $604 million USA Federal CU is emblematic of a sharply escalating trend which could see another 2,500 mergers by 2015, Dennis Dollar forecast Monday.

The NCUA-rejected sale of the $600 million United Services of America FCU's South Korean and Japanese branches was worth as much as $30 million, California Credit Union League Interim CEO Dave Chatfield said.

There will likely be another round of place holding and finger pointing on Capitol Hill on Sept. 15 when a House Financial Services Subcommittee opens a hearing on Fannie Mae and Freddie Mac.

Credit unions that insure their deposits with American Share Insurance will face a premium increase this fall, the private share insurer has announced.

Through several online media outlets, CUNA has ramped up efforts to ensure the proposed member business lending cap increase is front and center next week.

The Credit Union Association of Oklahoma has a new president/CEO: Gary Jones, former head of a Tulsa CU who has been serving as interim CEO of the trade group since July.