Regulatory & Compliance

Following its basic model on failed credit unions, NCUA remains in control on the outcome of the $268 million Huron River Area Credit Union of Ann Arbor, Mich. with no move so far to alter its status, a top Michigan regulator said today.

IRS Form 990 is not appropriate for credit unions because of the many substantial differences between credit union and other tax-exempt entities.

WASHINGTON?"EURAmerica's Community Bankers announced today that its board of directors unanimously approved the previously announced merger with the American Bankers Association.

WASHINGTON?"EURAmerica's Community Bankers announced today that its board of directors unanimously approved the previously announced merger with the American Bankers Association.

DALLAS--The "rent-a-compliance officer" program of the Texas Credit Union League is on a roll thanks to the Bank Secrecy Act with the service now showing 30 client CUs in three states, league officials said Friday.

ARLINGTON, Va.--NASCUS and member regulators met with the Department of Defense via teleconference yesterday to discuss the issues surrounding implementation of the recently approved final regulation curbing predatory lending to the military.