Regulatory & Compliance

Credit unions seeking the latest compliance updates have another resource through "The Works," a blog created by an Iowa Credit Union League subsidiary.

Since meeting with credit unions and banking groups in North Carolina a year and a half ago, microlending bank Grameen America Inc. has pulled back but not abandoned the idea of pursuing a credit union charter.

In light of the increased popularity of reverse mortgages, credit unions should be especially vigilant in trying to stop fraudulent practices and help the Financial Crimes Enforcement Network's efforts.

ALEXANDRIA, Va. -- Federally insured credit unions that are insolvent, in conservatorship or have ratings of CAMEL 4 and 5 would be prohibited from offering golden parachutes to their executives under a proposed rule.

CHICAGO -- The NCUA won't allow the NCUSIF's equity ratio to fall below 1.2% for long because doing so would be "irresponsible," NCUA Chairman Debbie Matz said at a luncheon address at NAFCU's Annual Conference.

In response to Sarah Snell Cooke's column in the June 23 issue ("Mutual Respect for Mutual Survival"), Cooke seems to opine that the problems at the NCUA are at the examiner level. I believe the examiner is merely the symptom and not the cause.