First Entertainment CU CEO defends the use of catch-all association groups, saying FOM has nothing to do with tax exemption.

Rather than permit a second comment period, the NCUA will propose a revised RBC rule.

The credit union community allegedly eclipsed 100 million members this year. The figure is bogus, and even the most religious credit union believers know that figure includes not a small amount of double counting from memberships by one person at multiple credit unions and other account structures.