Regulatory & Compliance

NAFCU CEO letter questions why FDIC can reduce its budget 15.4% while NCUA boosts its spending and adds staff.

NAFCU CEO letter questions why FDIC can reduce its budget 15.4% while NCUA boosts its spending and adds staff.

Birmingham Financial FCU had been conserved in October, now liquidated.

For the past few years, advocates have continued to push for increasing the member business lending cap, and 2011 saw more of the same efforts.

The email from the NCUA to current Western Bridge members summed it up.The National Credit Union Administration Board awarded Catalyst Corporate Federal Credit Union (Catalyst) the exclusive right to acquire Western Bridge Corporate Federal Credit Union (Western Bridge).

The temperature this summer may have gone up a few more notches in credit union land when the NCUA announced a proposal that would bring several amendments to the CUSO rule.