NCUA

Net income up is up for the industry on average, but the number of federally insured credit unions has dropped to 5,480.

There are more credit unions in the Community Development Financial Institution Fund program than banks, but advocates are pressing for even greater involvement.

After months of negative headlines, including administrative charges against a former CEO, regulators shuttered the NYC-based credit union.

Remote exams could save the National Credit Union Administration $50,000 on travel costs alone, and participating CUs say the project is a good start – but there is still work to be done.

The regulator issued four prohibitions, barring all recipients from participating in the affairs of any federally insured financial institution.

SDCCU’s member base increased by 10 percent during the first half of 2018, while total assets remain at $8.4 billion.

A founding member of the African-American Credit Union Coalition and winner of that group's 2018 Pete Crear Lifetime Achievement award, Montgomery reflects on her credit union journey and her hopes for the future.

At the recent CU Leadership Conference in Las Vegas, credit union representatives offered their ideas for the next round of reg relief.

After the National Credit Union Administration asked for comments on proposed revisions and expansions to its Payday Alternative Loan program, credit unions offered their suggestions for how to fix it.

Matthew J. Biliouris has spent 26 years at the National Credit Union Administration, including serving as acting director and deputy director of the Office of Consumer Financial Protection.

The Warren, Mich.-based CU has merged into Selfreliance Ukrainian American FCU of Chicago.

Credit unions urged to review expense and reimbursement policies, and board oversight of top executives.

In alleging former CEO Alan Kaufman breached his fiduciary duties to the NYC-based credit union, NCUA is seeking penalties of $4.5 million.

In its Thursday board meeting, the regulator extended the interest rate limit, and announced a plan to spend $675,000 on cybersecurity improvements, among other measures.

The regulator’s move comes as Congress is considering legislation that would offer credit unions an even lengthier delay.

Credit union trade groups are lauding the Senate's move to provide $250 million for the Treasury Department's Community Development Financial Institutions fund.

Greater Christ Baptist Church Credit Union had assets of just $608,000, and saw mounting losses during each of the last three years.

The National Credit Union Administration's ruling bans a former CU employee from participating in the affairs of any federally insured financial institution.

Credit unions and banks continue to push for leniency as the clock ticks toward adoption of the drastic change to how banks account for expected loan losses.

The House appropriations bill would also expedite the appeals process for CFPB examination decisions and reduce the number of times big banks must submit resolution plans to every two years.