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NCUA to Revamp Merger, Purchase and Assumptions Procedures

Peter Westerman | February 28, 2010

The NCUA is working on making changes to the process by which it undertakes mergers and purchase and assumptions but will continue to not allow all potential partners to review proposals.

Broker-Dealer Signs $800 Million Black Hills FCU

Peter Westerman | February 28, 2010

The $800 million Black Hills Federal Credit Union and a $1 billion Pennsylvania bank are the latest clients to sign on with INVEST Financial Corp. for brokerage and investment services.

Former CU's Failure is No Surprise

Peter Westerman | February 28, 2010

The failure of a former credit union that converted first to a mutual bank and then to a fully stock issuing bank was looming on the horizon, according to press reports and government filings.

Mica Lobbies Administration on MBL Cap

Peter Westerman | February 28, 2010

CUNA President/CEO Dan Mica met with Treasury Secretary Timothy Geithner to urge the administration support legislation that would raise the cap from 12.25% of assets to 25%.

Kohn to Retire from Fed Board in June

Peter Westerman | February 28, 2010

Saying it has been "an honor to be able to serve my country at the Federal Reserve," during a 40-year career as a staff member and board member, Federal Reserve Vice Chairman Donald L. Kohn informed President Obama today that he will retire on June 23.

CU Credit Cards Featured on CBS

Peter Westerman | February 25, 2010

The new credit card legislation has helped pushed credit unions in the national media spotlight.

Experian: More Employees Equals Higher Delinquencies

Peter Westerman | February 25, 2010

In its latest business benchmark report, Experian discovered that firms with more than 1,000 employees continued to show the highest rate of projected severe delinquency with payments owed.