ALEXANDRIA, Va. – CUNA called on NCUA yesterday to lift the secrecy over its corporate plan as one of the conditions to supporting the agency’s proposal to allow credit unions to prepay their corporate bailout assessments.

ALEXANDRIA, Va. – NCUA said its suits against JP Morgan Chase and RBS Securities over the sale of toxic mortgage backed securities to failed corporate credit unions should be considered by the federal court where they were filed earlier today as within the statute of limitations, even though some of the sales took place as long as five years ago.

WALL STREET — NCUA filed suits this morning against JPMorgan Chase and RBS Securities claiming fraud in the sale of billions of dollars in private label mortgage backed securities the two investment firms sold to the five failed corporate credit unions.

Pentegra Retirement Services

SAN ANTONIO — Loanliner.com loan applications from CUNA Mutual soon will be available on smartphones thanks to a technology optimization for mobile web.

News Briefs

Students Design 30-Second CU Ad

Kinecta FCU Offers HomePath Loans

WASHINGTON-The Consumer Financial Protection Bureau released two prototypes for a single, streamlined mortgage disclosure form.

Connexus CU Offers Online CarQuotes

NEW YORK-With mobile banking, JPMorgan Chase & Co. is making it easier for customers to avoid visiting branches. Then why is the New York banking giant opening so many new ones while other banks are closing theirs?

TOPEKA, Kan.-A new group from the Kansas Credit Union Association aims to replicate the success of the GAC Crashers and invigorate young CU professionals in the Sunflower State.

LAS VEGAS-Most people might not connect credit unions with advanced robotics research, but one Microsoft employee said lessons being learned in the field will be available soon to help CUs solve a variety of problems.

Texas CU League's Buddy Gill Moves To NCUA

POTTSTOWN, Penn.-As a way to boost its auto lending portfolio, Diamond CU here has implemented the Loyalty Assurance Program from Tranzact. But Diamond VP of Lending Lori Levengood also acknowledges that the program's long-term success is tied to a weak economy and competition from dealerships.

LAS VEGAS-"Let go of your fear" might sound like the first stage of martial arts training, but it also is advice to the credit union industry on embracing outsourcing.

HARRISBURG, Penn.-One week following the defeat of a bill to delay the Durbin Amendment-and perhaps just days before the Fed comes out with its final rule on debit interchange, a number of CU CEOs say they are still not ready to pull the trigger on plans to make up for lost revenue that is likely headed their way.

ARLINGTON, Va.-As both CUNA and NAFCU now focus lobbying efforts on impacting the final Fed rule on debit interchange, NAFCU President Fred Becker urged credit unions to have plans firmly in place to make up for the potential loss in revenue.

TEG Federal Credit Union CEO Joseph T. Prokop shares some of his insights and lessons learned from his more than 30 years in the credit union community, as well as predictions for what the future holds for CUs.

WASHINGTON-The FDIC has formed an advisory committee on systemic resolutions to provide advice and guidance on how to unwind a systemically important institution.