NCUA chairman tells Congress the agency measures reputation risk using objective qualitative assessment factors.

Doug Ferraro, president/CEO of the $2.7 billion Bellco Credit Union of Greenwood Village, Colo., was elected chairman of CO-OP Financial Services.

John Magill, CUNA executive vice president of government affairs, said CUNA's Political Action Committee,CULAC, supported the ill-fated re-election bid of House Majority Leader Eric Cantor (R-Va.)

A proposal by the NCUA regarding risk-based capital has gotten much attention.