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Top Stories

Court upholds corporate's right to sue appraiser

An appeals court in Alabama has upheld a corporate credit union's right to sue the appraiser who provided valuation of U.S. Central FCU's Paid-In-Capital shares for conversion before U.S. Central suffered losses and went into conservatorship.... More

MDDCCUA names Jennifer Simmons as interim CEO

Jennifer Simmons, with 20 years of credit union industry experience, has been named interim president/CEO of the Maryland and the District of Columbia Credit Union Association, announced the association's board of directors.... More

Wis. regulator seeks more staff to handle CU complexities

The Wisconsin Department of Financial Institutions wants to hire more staff to help it better monitor larger and increasingly more complex credit unions. ... More

Matz, fed regulators hold first FSOC meeting on Oct. 1

NCUA Chairman Debbie Matz will be among those in attendance when the U.S. Treasury hosts the first meeting of the new Financial Stability Oversight Council on Oct. 1.... More

Compliance: Credit report concerns addressed by CUNA

Dozens of questions pour into the CUNA's inboxes each month seeking guidance on the Fair Credit Reporting Act. They range from "do I need a member's signature to pull a credit report," to more complex questions regarding the new risk-based pricing regulations.... More

Auto insurance, overdraft protection on H&FF Radio

Sunday's H&FF Radio Program, rebroadcast from an earlier taping, addresses online consumer resources from the U.S. government, auto insurance and overdraft protection for members of the armed forces, and tax help for the elderly.... More

CUNA board of directors looking for nominations

A credit union executive in Alabama or Florida has an opportunity to run for a seat on the CUNA board. ... More

NEW: NCUA acts on Corp. CUs, legacy assets

ALEXANDRIA, Va. (9/24/10) UPDATED: 8:00 P.M. ET—The NCUA on Friday placed three more corporate credit unions into conservatorship, finalized new rules governing the corporates and approved a plan to isolate and securitize "legacy" assets.... More

NEW: NCUA reveals final corp. CU rule

ALEXANDRIA, Va. (9/24/10) UPDATED: 8:00P.M. ET—The National Credit Union Administration today revealed the final corporate credit union rule.... More

NCUA takes action on legacy assets; seizes three corporates

The NCUA board met Friday afternoon to discuss corporate credit union legacy assets while seizing three more corporates.... More