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NCUA Official Acknowledges Legacy Assets Secrecy

By Heather Anderson

An NCUA official said the credit union regulator has not formally consulted with corporate executives regarding the legacy assets plan.

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NCUA Spells Out Improvements For Sperry Associates FCU in LUA

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Senate Conferees Accept House Offer on Interchange

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Regulatory & Compliance Stories

June 22, 2010

CUNA Will Oppose Regulatory Overhaul Bill

Because of the interchange language, CUNA plans to oppose the financial overhaul bill moving through Congress and is asking credit unions to launch an all-out lobbying effort between now and next week's votes in the House and Senate.

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June 22, 2010

Conferees Retain Insurance Limit; CUs Prepare for Interchange Finale

Accounts of up to $250,000 at credit unions and banks would be permanently insured beyond the current expiration date of 2013, as a result of an amendment approved last week by the House-Senate conference committee on regulatory overhaul.

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June 22, 2010

Auditors Fault NCUA's Accounting

KPMG gave the NCUA an unqualified audit but found material weaknesses in the reporting and documentation methods.

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June 22, 2010

Royal Credit Union Completes Uphill Climb to Purchase Bank Branches

Wisconsin-based Royal Credit Union has finally completed its purchase of a large chunk of a troubled community bank's assets.

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June 22, 2010

Mutual Respect for Mutual Survival

A natural tension exists between industry and regulators that can be healthy and helps keep both on their toes. But when a loss of respect occurs on either side, and currently on both sides, it becomes counterproductive.

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June 22, 2010

NCUA Levies $1B Assessment; Matz Vows Examiner Flexibility

ALEXANDRIA, Va. -- The NCUA Board last Thursday approved a 13.4 basis point assessment for federally insured credit unions to help the Corporate Stabilization Fund repay the Treasury Department.

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June 22, 2010

Privacy Statements Need More Disclosures

In privacy disclosure statements provided to customers of depository financial institutions such as credit unions, a casual reading suggests that privacy of one's assets and transactions is being protected.

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