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The National Credit Union Administration issued only one prohibition order in April.
May 10 -
Most executives are comfortable crossing over $1 billion of assets, where more frequent exams are the biggest supervisory change. But few are eager to take on the compliance burdens that accompany the jump above $10 billion.
May 5
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The National Credit Union Administration approved the creation of Maun Federal Credit Union, which will serve members of the state's Islamic community.
May 5 -
The National Association of State Credit Union Supervisors has started a national search to replace President and CEO Lucy Ito.
May 4 -
On Dec. 31, 2020. Dollars in thousands.
May 3 -
On Dec. 31, 2020. Dollars in thousands.
May 3 -
On Dec. 31, 2020. Dollars in thousands.
May 3 -
The state's Department of Financial and Professional Regulation will reduce assessments by 61% this year because of overpayments in 2020, helping state-chartered credit unions deal with economic fallout from the pandemic.
April 30
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Larissa Thurston, who will also become the Massachusetts credit union's president, will succeed James Garvey, who is retiring.
April 29
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The SAFE Banking Act would protect credit unions and banks that serve legal marijuana businesses from prosecution, but anti-money-laundering compliance will always be arduous, says Sundie Seefried, the head of a new company that helps credit unions work with cannabis firms.
April 27
