Sometimes ROA can move in cycles. For example, the $1.1 billion First Community Credit Union, headquartered in Chesterfield, Missouri, saw its ROA drop from .67% at the end of 2005 to .29% at the end of March 2006, a fact the credit union attributed to routine purchases of investments.

The handful of commenters on NCUA's proposed rule on federal credit unions' permissible investments (Parts 703 and 704) generally said they liked the idea of this new authority for credit unions, but would like to see less regulatory redundancy.

An amended version of the Senate regulatory relief bill passed the House last week, but had not been considered yet in the Senate as of press time.

The Iowa Credit Union League has won over a legislative staffer to its lobbying team. Julie Duhme will be joining the league as director of government affairs. Duhme, a native Iowan, graduated from Luther College and worked as a Legislative Assistant for Congressman Jim Leach in Washington, D.C., for the...