The Nevada Affordable Housing Assistance Corporation is preparing to work with credit unions on a new government-funded program designed to reach thousands of homeowners who are unable to pay their mortgages due to continuing high unemployment.

HAMPTON, Va.-While many credit unions have pushed members to take advantage of their overdraft protection programs in light of new federal regulations, one CU is going in the opposite direction.

ALEXANDRIA, Va.-NCUA should allow CUSOs to expand their reach, according to CUNA and NAFCU. In separate comment letters to NCUA regarding its annual regulatory review, both trade groups urged the regulator to adjust a number of its rules governing CUSOs.

CU Centers Offers Custom Videos

ALEXANDRIA, Va.-Loan delinquencies and charge-offs retreated a bit in the second quarter among credit unions, but member bankruptcies soared to twice that in the first quarter, weighing down profitability and posing new challenges for the movement, NCUA reported.

Long-Time Va. CU CEO Dies

CMG MI Develops New White Papers

TALLAHASSEE, Fla.-The League of Southeastern Credit Unions is helping CUs find more ways to help small businesses struggling along the Gulf Coast as a result of the BP oil spill.

BATTLE CREEK, Mich.-Board members at OMNI Community CU have ditched paper-based board packets in favor of Apple's iPads.

Aberdeen Proving Ground FCU announced Sharon Sykes as its new SVP of Marketing.

LAS VEGAS-In a town that prides itself on over-the-top promotion, a bland assessment of the local economy may turn out to be the best news in many months.

WASHINGTON-Costs to bail out the corporates and replenish the NCUSIF over the coming years will be below 2010 levels, and will result in assessments below what many credit unions are bracing for, according to Callahan & Associates.

FDIC'S MID-YEAR BANKING DATA POINTS TO RECOVERY

Gather a group of financial industry experts and analysts around a table and there will be a gigabyte or more of opinions and predictions. But as one such recent roundtable showed, today those opinions and predictions carry with them any number of attachments in the form of asterisks and caveats.

Effective change requires applying fundamental principles. My doctoral research on successful organizations internationally suggests four such keys:.

I believe Fred Becker made some thought-provoking comments about the need for all of us in the credit union community to stay close to our cooperative roots and pay attention to what our industry colleagues are doing. But I disagree that credit unions, as a whole, have "forgotten we are a cooperative community."

The revelations about having to find a place to put all the "new hires" underlines a need to move quickly to fold NCUA's tent and have FDIC assume the role of regulator for CUs.

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CLEVELAND – In another of a growing number of disputes over participation lending, NCUA filed suit in federal court here yesterday contesting ownership of a $11 million participated loan that belonged to the year’s biggest credit union failure, St. Paul’s Croatian FCU, a one-time $250 million credit union shuttered in May.

WASHINGTON – A junior loan officer was fired from District of Columbia Teachers FCU after he was caught taking commissions on $138,000 of unsecured personal loans, many of them to borrowers who were not even members of the credit union or weren’t in its field of membership.