Regulatory & Compliance

The Montana Credit Union Network said teller Kathy Keenan-Swanson has the knowledge and expertise to fill the vacant seat of Democratic Rep. Dan Villa.

CUNA President/CEO Dan Mica today asked NCUA Chairman Michael E. Fryzel to ask his examiners to take no enforcement actions against credit unions trying to comply with the 21-day notice rule for open-end credit accounts.

NCUA Chairman Designate Deborah Matz is scheduled to be sworn in at 2:00 p.m. next Monday at the agency's headquarters in Alexandria, Va.

The Pennsylvania Credit Union Association moved quickly Monday to oppose a suggestion by the state's Auditor General to consider eliminating the tax exemption for credit unions and other nonprofits as a revenue source to fund the state's budget shortfall.

The president/CEO of a Minnesota credit union wants more CU leaders to get involved in the health care reform debate, notwithstanding "the shouting and the rudeness" at the town hall meetings.

Kathy Keenan-Swanson, a teller at $76 million Southwest Montana Community Federal Credit Union, has been tapped as one of three finalists to fill the seat of Montana Rep. Dan Villa (D).