Federal credit unions can use gift cards as an incentive under their incidental powers authority but the total costs can cause the NCUA to object to the incentive.

Credit union concern over NCUA's financial literacy rules for directors continued to peak Wednesday with CUNA now counting what it called a "huge" signup--1,800 participants--for an audio conference Thursday on the topic.

Not so fast when it comes to dismissing complaints against Western Corporate Federal Credit Union's outside directors--that is the gist of yesterday's filing by NCUA in the continuing case of NCUA v. Siravo, et. al.

The man indicted for bank fraud and money laundering in connection with the collapse of St. Paul Croatian FCU has been denied bail in federal court.