Noting that next year will be a “critical period for corporate credit unions,’’ the NCUA issued a guidance letter detailing their compliance obligations under the new corporate credit rule approved by the NCUA Board in September.... More

The NCUA Board this morning approved a new financial literacy rule for the nation's 75,000 volunteer credit union directors requiring for the first time that each director obtain a minimum ability to read a credit union income statement and balance sheet.... More

CUNA President/CEO says in blog that credit unions stand behind allowing more time for consideration for interchange fee proposal.... More

CUNA said Tuesday it is seeking CU input on various aspects of the proposed rules put forward at NCUA’s November meeting and wants the credit union remarks by Jan. 14 in light of NCUA extending public comment period through Jan. 28.... More

Southeast Corporate CEO Brad Miller says Town Hall meetings on the plan are scheduled for 2011. ... More

Ranking Minority Member on the Senate Banking Committee agrees that government shouldn't fix prices in any venue. ... More

Chairman Debbie Matz asks Senators to quickly approve amendments that are pending. ... More

The webinar will be hosted by board member Gigi Hyland Jan. 6. ... More

The Republican Steering Committee announced that credit union supporter Rep. Spencer Bachus will head up one of the key committees in Washington. ... More

The NCUA annual report will be sent to the President and Congress. ... More