Regulatory & Compliance

Alabama Gov. Robert Bentley, a Republican, has appointed former APCO Employees Credit Union CEO Larry Morgan as the state's top credit union regulator.

FCU board members must be able to examine a balance sheet and explain its meaning and importance and must learn how to do that within six months of joining a board, according to a letter to CUs sent today by NCUA Chairman Debbie Matz.

Large credit unions and banks may face additional restrictions on executive compensation as a result of regulations that will be issued by the NCUA and other financial regulators.

A SBA pilot loan program aimed at increasing access to inventory financing for auto, boat, RV and other dealerships will re-launch Feb. 8.

NACS, the Association for Convenience and Petroleum Retailing, has urged its members to write the Federal Reserve in support of the cap on debit card interchange.

The NCUA has added several correspondent services to the list of incidental powers that federally chartered credit unions have.