Regulatory & Compliance

During the first five months of 2011, CUNAs political action committee received $502,266 in contributions toward its efforts to influence the outcome of political campaigns, and NAFCUs fundraising efforts netted $53,669, according to reports filed with the Federal Election Commission.

Credit unions and their trade groups appear to be voicing support for the NCUA plan to allow credit unions to prepay some of the cost of the bailout of corporate credit unions.

Credit unions got a bit of good news when the Federal Reserve reversed itself and announced that debit interchange fees will be capped at 21 cents a transaction, up from the original proposal of 12 cents, with a 1 cent fee for fraud prevention and a five basis point allowance...

CUNA CEO's letter to NCUA Chairman Debbie Matz says higher prepayments would allow corporate rescue assessments to further decline.

The NCUA announced Friday it will hold a special NCUA Board meeting on Aug. 29 when it will determine what the assessments for natural person credit unions will be to pay for this year’s portion of the rescue of the corporate credit union system.

SAN FRANCISCO — The sluggish recovery is creating a difficult climate for credit unions for the foreseeable future, economists tell NAFCU attendees.