Hearings may have decreased the NCUA's annual budget increases, but it wasn't the only influence.
It's not just hearings or lack thereof that influence NCUA budget increases.
Stung by writedowns in its real estate portfolio and the slowdown in home lending, the $419 million Air Academy Federal Credit Union of Colorado Springs confirmed Tuesday it laid off 19 employees last week and has closed several branches.
As the new year approaches, many credit unions are looking for new ways to increase profits and become more effective.
Former Continental Federal Credit Union president/CEO Tom Glatt Sr. voluntarily surrendered the keys to a 4,000-square-foot Sedona, Ariz., desert estate and in the process walked out on a nearly $1 million mortgage loan from his former employer.