Aaron Passman

WASHINGTON — New NCUA Board Member Mark McWatters believes a second comment period is needed on the regulator's proposed risk-based capital rule and will not vote for any RBC proposal that does not include one.

WASHINGTON — New NCUA Board member Mark McWatters will oppose any risk-based capital proposal without another comment period for the credit union community.

WASHINGTON — The Consumer Financial Protection Bureau remains committed to working with the financial services industry to improve the mortgage closing experience for consumers through the use of technology, CFPB director Richard Cordray said.

COLUMBIA, S.C. — A new marketing campaign from Carolina Collegiate Federal Credit Union here is about a lot more than just being clever.

A new survey found that credit unions continue to rank higher than traditional banks when it comes to consumer trust levels.

WASHINGTON — NCUA Board Member Rick Metsger said Wednesday he favors doubling the implementation period, which would create a de-facto second comment period on the agency's controversial risk-based capital rule.

RALEIGH, N.C. — Continuing its trend of red-letter-day loan promotions, ElecTel Cooperative FCU here is set to hold a limited time loan campaign tied to "International Talk Like A Pirate Day."

WASHINGTON — If credit unions and banks want to see regulatory reform, the first step may be to better tolerate the other side of the financial aisle.

AUGUSTA, Maine — U.S. Rep. Mike Michaud hopes that a change of address — namely, a move from Washington, D.C., to the Maine governor's mansion — won't lessen his impact on credit unions.

With NAFCU's Congressional Caucus starting this week and Labor Day marking the unofficial start of the fall campaign season, Credit Union Journal spoke with several political observers to get a better idea of how the mid-term elections could impact the community.

Credit union lending continues to be strong, with CUs showing their strongest loan numbers since 2005 during the second quarter of 2014.

Incoming NCUA Board Member J. Mark McWatters took the oath of office today and joined the NCUA Board as its 21st member.

ALEXANDRIA, Va. — NCUA Friday issued a cease and desist order to David Addison, formerly the chief executive of Texans Credit Union.

LAWRENCEVILLE, Ga. — Twitter Inc. has dialed back a rule implemented late last year that restricted how financial institutions could promote themselves on the site, but some credit unions are still unsure as to what those changes mean in terms of how effective the social-networking site can ultimately be for CUs.

CHICAGO — Mortgage delinquency rates declined by nearly 20% to a national rate of 3.46% in the second quarter from a year earlier, according to a report from TransUnion LLC.

The Credit Union CEO Confidence Index, released by Catalyst Corporate Federal Credit Union, saw its third consecutive quarterly increase in the second quarter, hitting 32.94, compared with 30.32 in the first quarter.

Membership in credit unions has hit 100 million for the first time, one of their top trade groups said. The numbers are subject to challenge, but banks still have plenty to fear from their nemeses. Then again, credit unions are uneasy about the future, too.

CHARLESTON, W. Va. — A leadership change is on the horizon at Pioneer West Virginia Federal Credit Union.

Financial institutions are on the lookout for spamming and spear phishing following news that a gang of Russian hackers stole 1.2 billion sets of usernames and passwords. But they're taking the reports with a grain of salt.

ALEXANDRIA, Va. — NCUA said Monday it will provide free consulting services to nearly 180 credit unions during the second half of the year.