Regulatory & Compliance

Vendor management has become a hot topic and a cottage industry since the NCUA published guidelines in 2007 that required credit unions to perform due diligence on everyone from their core processors to their janitorial services.

The story of Dean Gaymon, CEO of Credit Union of Atlanta, was a tragic one that has captured the attention of the credit union industry. Gaymon was shot and killed by a police officer while in New Jersey for a high school reunion.

John Worth, who has extensive experience as a government economist for several agencies, began work yesterday as the NCUA's chief economist.

The SEC is asking for feedback on the areas of the Dodd-Frank Wall Street Reform and Consumer Protection Act that will impact investors.

Excluding a provision to raise the member business loan cap would cost jobs and therefore CUNA will oppose the small business lending bill without such an amendment, CUNA President/CEO Bill Cheney wrote Senate leaders today

The Temporary Corporate Credit Union Stabilization Fund's financial statements "present fairly, in all material respects,'' the fund's financial statement, according to an audit released late yesterday by the NCUA.