Ed Roberts

WASHINGTON – Bank-Fund Staff FCU, the credit union for the World Bank, announced this afternoon that it will hire Eli Vasquez, chief financial officer at American Airlines FCU, as president and CEO of the $3.6 billion credit union.

ALEXANDRIA, Va. – New NCUA Board member Rick Metsger vowed that credit unions can expect him to exercise an independent judgment on the three-person panel, even though he has been on the board a little over a month and just moved to Washington from his native Oregon.

WASHINGTON-Credit unions remain leery about proposed federal guidelines for social media, saying-among other complaints-requirements to include disclosures on federal deposit insurance would take up too many of the 140 characters that Twitter limits for tweets.

TACOMA, Wash. – A federal court rejected a member’s suit against America’s CU claiming it illegally closed his account because of suspected check kiting.

ALEXANDRIA, Va. – NCUA announced yesterday it has granted a charter to the Bois Forte Band of Chippewa Native Americans In Minnesota--the first new credit union approved this year--which is shaping up as the leanest year for new charters ever.

WASHINGTON – Showing that bipartisanship is not impossible in the critically split Congress, a group of Republican and Democratic House members called on the Federal Housing Finance Agency this morning to maintain--not lower--the conforming loan limits for Fannie Mae and Freddie Mac because of the potential harm it would cause the mortgage market.

WASHINGTON – CUNA and NAFCU and a broad base of lender groups called on the Federal Housing Finance Agency to retain its conforming loan limits for mortgage sold to Fannie Mae and Freddie Mac, saying lower limits would jeopardize the fragile housing recovery.

SAN DIEGO – Mission FCU has pledged to return $1 million back through its Mission Fed Money Match prizes giveaway, including debit card payments to daily winners.

MADISON, Wis. – CUNA Mutual Group said it is terminating its life savings insurance program, once offered to tens of thousands of credit union members across the nation, as more CUs seek ways to cut expenses and provide other insurance alternatives.

LOS ANGELES – CU Wallet, the fledgling mobile payments platform for credit unions, announced this morning it has signed with Paydiant, provider of a white-label mobile payments, offer redemption, loyalty and cardless cash access platform for banks and retailers, to power its mobile wallet offering.

The governors of Washington and Colorado called on NCUA and bank regulators last week for guidance on their states' newly-legal marijuana trade, as legislation in Congress to legalize pot banking is stalled.

Seeking a potential new source to recoup losses on the corporate credit union failures, NCUA filed suit last week against 13 international banks claiming they violated federal antitrust laws by manipulating interest rates through Libor-the London Interbank Offered Rate-causing major losses to the five corporates.

More than two dozen credit unions received checks totaling $8.1 million from the estate of CU National, more than four years after the massive fraud that sent the owner of the company and its U.S. Mortgage Corp. parent to prison and threatened to sink several of the credit union victims.

State Employees' CU, one of four $10 billion-plus credit unions that would be stress-tested under a proposal being considered by NCUA, is all in favor of the tests now undergone by big banking companies and insists the results should be made public, just as they are for banks.

Self-Help Federal Credit Union, the California community development credit union that bought Second Federal Savings & Loan last year, has officially reopened the failed thrift in conjunction with Chicago's Resurrection Project.

A federal court dismissed a suit brought by the former CEO of Clyde-Findlay Area CU who was fired in 2011 because of an alleged affair with the director of human resources.

Numerous members of the House and Senate made their support for the credit union tax exemption clear last week during NAFCU's Congressional Caucus, even before any threat to the exemption has surfaced in Congress during the debate over tax reform.

NCUA last week warned credit unions about advertising that anyone can join, without limitation, saying such an offer may be in violation of laws and regulations.

The California/Nevada CU Leagues has become the latest CU association to roll out a solution in response to the Affordable Health Care Act, also known as Obamacare.

DETROIT — NCUA said this afternoon the Michigan Department of Insurance and Financial Services liquidated Craftsman CU and appointed the federal credit union agency as liquidating agent for the one-time $44 million auto workers credit union, the year's 12th failure.