WASHINGTON-Both credit union trade groups are objecting to proposals from the Consumer Financial Protection Bureau and NCUA, but over different issues.

Gabel To Join Northwest Association

It seems a shame we limit these debates to politics, doesn't it? What if credit unions and their trade groups hired their presidents in the same way?

The crisis of 2007-2008 brought profound changes to the financial services industry as well as to the American consumer's habits, changing the CFO's role.

CHARLOTTESVILLE, Va.—Despite an improving asset quality profile for the sector, a handful of credit unions are still struggling with high levels of nonperforming assets, according to analysis by SNL Financial.

NEW YORK—Anonymous, a collective of hackers, claimed last week that as part of a cyberattack on HSBC it was able to stel information on tens of thousands of credit unions. HSBC, however, issued a statement late last week saying its data had not been breached.

NEW YORK – The powerful retailers lobby reiterated its opposition to a proposed antitrust settlement with Visa and MasterCard settlement submitted Friday to the federal court, even after minor amendments to the proposal—setting up a potential battle royal in court.

NCUA said this morning it has issued a prohibition order against former WesCorp CEO Bob Siravo that includes an agreement Siravo pay $600,000 to the liquidating agent for the failed corporate.

RANCHO CUCAMONGA, Calif. – Credit Unions for Kids, which raises funds for Children’s Miracle Network Hospitals, is projecting credit unions will raise about $225,000 through their participation in September’s Miracle Jeans Day.

ENTERPRISE, Kan. – Pamela Emig, 47, has been charged with embezzling $817,167 over a six-year period from Enterprise Credit Union.

ALBANY, N.Y. – The New York State Court of Appeals has ruled against Hudson Valley FCU in its appeal of a decision in its suit challenging the state’s levy of a mortgage recording tax.

SAN DIEGO – Credit unions are not alone in worrying they are falling behind in technology.

CHARLOTTESVILLE, Va. – Home equity loan outstandings continue to fall, and now have posted declines in every quarter since the end of 2008, according to analysis by SNL Financial.

SCHAUMBERG, Ill. – New car sales continue to climb, late-model mid-sized used cars are showing a sharp drop in value, and consumers feel they have more money in the monthly budget for a car loan but don’t want to go long term, especially on a lease.

SINKING SPRINGS, Penn. – On the same day Bellco FCU had invited more than 100 guests for a VIP Grand Opening for its new branch here, a tractor-trailer driver destroyed much of the drive-through and damaged the branch when he tried to turn around his 18-wheeler in the small parking lot.

MADISON, Wis. – How do consumers and members conceptualize borrowing and debt? How do credit unions respond to basic borrowing needs? Those questions are at the core of a new research paper from the Filene Research Institute that is based on research conducted at 11 credit unions nationally.

MONTGOMERY, Ala. – A new state-chartered community development credit union here is one step closer to opening its doors, after NCUA’s Office of Consumer Protection approved Gateway Credit Union for federal deposit insurance.

ALEXANDRIA, Va. – NCUA said the total assets in CAMEL code 3, 4 and 5 credit unions fell by $10.7 billion during Q3 as the NCUSIF equity ratio rose to 1.32% as of Sept. 30.

ALEXANDRIA, Va. – At its board meeting yesterday, the first without recently departed board member Gigi Hyland, NCUA proposed a rule to extend the deadline for credit unions to accept the low-income designation to 90 days following notification of eligibility by NCUA.

MADISON, Wis.-The Credit Union Executives Society has named Charles E. "Chuck" Fagan as its new president and CEO, effective Jan. 3 2013. Fagan will replace the retiring Fred Johnson, who has led the organization for the past 23 years. Fagen is currently executive vice president of PSCU, St. Petersburg, Fla.