After many years as the ugly ducklings of the credit union industry, lower-income credit union members are poised to become a good deal more like swans in 2013.
A new credit union founded by an Internet pioneer and a former banker has opened its doors in New Brunswick, N.J.
Low-income credit unions that need help digging out from under Hurricane Sandy can access grants, the NCUA said Tuesday.
The NCUA on Thursday said that two-thirds of the 1,003 credit unions offered the eligibility to become a low-income credit union have accepted.
DENVER — The NCUA’s opt-in process for low income credit union designation may expand to include state-chartered credit unions, NCUA Chairman Debbie Matz announced last week during her keynote speech at the 2012 NASCUS Summit. The agency hopes to put the program into play later this month by working with...
DENVER — Chairman Debbie Matz tells conference she's working with NASCUS President/CEO Mary Martha Fortney to expand effort.
Banker opposition to NCUA’s LICU program is ludicrous. Why do I call it ludicrous? Because their opposition would have to step up several notches on the reasonableness scale to even come close to their normal anti-credit union position of hypocritical.
NCUA Chairman Debbie Matz attended an Aug. 7 meeting in the White House’s Roosevelt Room in which President Barack Obama announced that low-income designated credit union lending would be included in the administration’s latest drought-relief package.
The webinar is scheduled for 2 p.m. EDT on Tuesday and credit unions can register for the free event on the NCUA’s website.
CU trades offer measured praise while ICBA blasts administration move as "outrageous."