Regulatory & Compliance

Sarah Snell Cooke's Editor's Colum Aug. 5 noting the importance of providing credit union access to capital a top legislative item for 2011 could not have been timelier.

ATLANTA -- Certainly call it a sign of the times: areas that did not get as much focus some years back in commercial real estate are now under the spotlight.

What if the opposition party gains control of parts of government?

Lawyers for the NCUA and the now closed Kappa Alpha Psi Federal Credit Union have asked U.S. District Judge Emmet Sullivan to reschedule deadlines for their briefs and to postpone when he will hear arguments in their case.

The NCUA liquidated KAPFCU despite an ongoing court battle in order to protect the assets of the CU's members, the agency said.

NCUA sent the Kappa Alpha Psi Federal Credit Union three non-published Letters of Understanding and Agreement since April 2008 before it finally issued its Aug. 3 liquidation order, according to the agency's records.