The Federal Housing Finance Agency, the regulator and manager of government-owned Fannie Mae and Freddie Mac, is poised to start to restructure the secondary mortgage market whether credit unions, banks or legislators are ready or not.

The Hampton Roads, Va.-based law firm Kaufman & Canoles announced partners Andrew Keeney and Dustin DeVore have been selected to co-chair the firms new credit union team. The firm said in a release the team was formed to respond to a growing credit union industry, where regulations are constantly changing...

In their quest to comfortably cover operating expenses with help from noninterest income, several credit unions said this year, theyll mostly rely on NSF fees and interchange income, followed by income from insurance products and monthly service fees.

If your board members owned eight-track cassette players, remember the moon landing and use Touch of Gray, Jim McCormack thinks you may have a problem.