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ALEXANDRIA, Va. - NCUA reminded federally-chartered credit unions that they can not use an appraisal based on the "going concern value" of the business when calculating the loan-to-value (LTV) ratio for a member business loan. In a Sept. 21 legal opinion letter to Plymouth, Mich.-based Community Financial Members Federal Credit...

WASHINGTON-During the American Bankers Association's Annual Convention last week in New York, outgoing Comptroller of the Currency John D. Hawke recommended that banks worry about lightening their own regulatory load rather than seeking to tax credit unions and add to their regulatory burdens. Hawke noted bankers' many complaints about credit...

WASHINGTON-In its official comment letter to NCUA, CUNA wrote that changes to the privacy notices are unnecessary at this time, but other items currently being reviewed under the Economic Growth and Regulatory Paperwork Reduction Act could be improved upon. CUNA Assistant General Counsel Jeffrey Bloch did say that if the...

LAKEWOOD, N.J. - The Credit Unions Virtual Assistant (CUVA) riddle contest has ended. So just what is the marketing strategy that "all the money in the world can't buy" and a credit union's "reputation lives and can die by "? In a word-publicity. "PR cannot be bought. You cannot pay...

WASHINGTON - The U.S. Treasury Department's Community Development Financial Institutions Fund reversed course this year when it came to credit unions. Whereas last year the Fund only granted just over $1 million to four credit unions or credit union affiliated organizations, this year 10 credit unions or affiliated organizations received...

WASHINGTON - Eight Senate Democrats have introduced legislation that, along with reforming practices in issuing international remittances, would allow credit unions to cash non-member checks and provide remittances to non-members. The International Remittance Consumer Protection Act of 2004 would also mandate disclosures to remittance customers and an error resolution process...

WEST PALM BEACH, Fla. - This year has seen the departure of a number of high-profile CEOs in the credit union industry, both from vendors and credit unions themselves. Finding a new CEO can be one of the most important jobs for the board. With today's competitive marketplace, landing top...

I am writing in response to Mike Welch's column of Sept. 29, "New Breed of CU CEOs Have Come on the Scene." It truly is interesting to see new thoughts and ideas come into the credit union industry as long time credit union CEOs retire and new CEOs (some former...