ALEXANDRIA, Va. (June 6, 2011) – National Credit Union Administration Board Member Michael E. Fryzel visited South Division Credit Union in Evergreen Park, Ill., last week where he met with the credit unions’ CEO Geri Burek, several Board Members, and key staff to discuss current industry happenings and NCUA perspectives.

View full post on Credit Union Stories

The National Credit Union Administration on Thursday said that it would consider lifting the maximum corporate stabilization assessment prepayment cap if enough credit unions request that it be raised.

View full post on Credit Union Stories

Alexandria, Va. (May 11, 2011) – With severe flooding now threatening new areas of Missouri, Tennessee, North Dakota and Minnesota, National Credit Union Administration (NCUA) Board Chairman Debbie Matz expanded the agency’s disaster relief policy to assist credit unions and their members in dealing with local recovery efforts in areas struck by severe storms, tornadoes and flooding beginning April 19 and continuing.

View full post on Credit Union Stories

Alexandria, Va. (May 9, 2011) – With severe flooding continuing to threaten areas of Tennessee, Mississippi, Kentucky and Louisiana, National Credit Union Administration (NCUA) Board Chairman Debbie Matz activated the agency’s disaster relief policy to assist credit unions and their members to deal with potential losses.

View full post on Credit Union Stories

The information contained in the analysis is so misleading it casts doubt on NCUA’s ability to understand the issue and its impact on credit unions….[ Read Article ]

View full post on Credit Union Stories

Alexandria, Va. (April 30, 2011) – In the wake of the deadliest series of tornadoes in more than 85 years, National Credit Union Administration (NCUA) Board Chairman Debbie Matz activated the agency’s disaster relief policy to assist credit unions and their members in rebuilding and recovering in severely damaged areas across the southeast.

View full post on Credit Union Stories

Credit unions in North Carolina and Virginia appear to have escaped major damage from the weekend’s tornadoes, but the members they serve were almost certainly affected.

View full post on Credit Union Stories

March 2, 2011, Alexandria, Va. — NCUA Board Member Gigi Hyland told CUNA Governmental Affairs Conference participants today that to fully achieve recovery from recent setbacks credit unions need to actively pursue new avenues for growth because the need to earn more net income has never been greater, and NCUA can assist by reducing regulatory burden through the review process and an increase in the definition of a small credit union to $50 million.

View full post on Credit Union Stories

February 28, 2011, Alexandria, Va. – National Credit Union Administration Chairman Debbie Matz today said that strong NCUA oversight, combined with industry resilience, has saved credit unions over $1 billion in potential losses.

View full post on Credit Union Stories

While raising concerns about how the current interchange system affects consumers and supporting the general intent of legislation passed last year, the Consumer Federation of America also urged the Federal Reserve Board to “pay close attention to the effect” that parts of its implementation plan could have “on smaller depository institutions, especially credit unions.”

View full post on Credit Union Stories