Shame on NCUA.

At Northpark Community CU we have run into a wall when it comes to growth. As noted in the first part of this series, no, the wall is not the opportunity to grow, it's permission to grow-permission from our regulator.

With the lively debate continuing over credit unions picking up the tab for U.S. Central and a handful of troubled corporates, one predominant theme seems to be emerging: credit unions must pay now because earlier they demanded high rates from their corporates. I take issue with this view.

Financial institutions' e-finance and e-payments innovation will get slower before it gets better: consumed with integration, the largest financial institutions will see a slowdown in product innovation for a few years followed by an era of unprecedented customer control for their financial affairs.

NEWARK, N.J. — A federal grand jury is investigating whether the owners of CU National Mortgage illegally transferred mortgages owned by the company's CU customers to Fannie Mae, siphoning off millions of dollars in the process.

WASHINGTON – New York Sen. Charles Schumer was on the phone to CUNA and NAFCU yesterday offering to attach a provision to lift the cap on member business loans in exchange for their support on the so-called cramdown bill to allow bankruptcy courts to amend the terms of mortgages.

MONETT, Mo. – Jack Henry & Associates announced yesterday the launch of server virtualization, which distributes computing power by consolidating multiple independent server environments.

HARTFORD, Ct. – A Haitian citizen who was living in New York was sentenced Wednesday to 18 months in prison for his role in a scheme to cash $93,000 of tax refund checks on an account at Navy FCU.

FAIRFAX, Va. – Apple FCU, which represents teachers and school employees in northern Virgina, announced yesterday its non-profit foundation has contributed $10,000 to the Loudoun (County) Education Foundation to help fund a teacher grant program.

CHARLOTTE, N.C. – Carolinas Telco FCU said yesterday it has signed a contract for IT outsourcing with Neuse River Networks.

STOCKTON – The same north branch of Financial Center CU was robbed twice in two days by two different people, but police think the robberies could be related.

McLEAN, Va. – Mortgage rates continued to gyrate this week, declining by 12 basis points, after rising last week, according to Freddie Mac.

WASHINGTON – While credit unions have fended off efforts to bring them under the Community Reinvestment Act before, a bill introduced in the House yesterday is expected to pose a much bigger obstacle.

NEWARK, N.J. – The federal bankruptcy court has approved the hiring of a criminal attorney by CU National Mortgage, as a federal investigation into allegations made against the failed mortgage lender spreads.

WASHINGTON – The massive $5-billion cost of the corporate credit unions bailout is giving increasing numbers of credit union executives second thoughts on the industry’s position that it doesn’t need a federal bailout.

WASHINGTON – Accounting rules-setters assured Congress yesterday that changes to the much-reviled rules over mark-to-market accounting are well on their way, offering much-needed relief for credit unions and other financial institutions.

WASHINGTON – Mainstream credit unions, mortgage companies and insurers would be required to comply with the Community Reinvestment Act under a bill introduced this morning in Congress.

WASHINGTON – Mainstream credit unions, mortgage companies and insurers would be required to comply with the Community Reinvestment Act under a bill introduced this morning in Congress.

ANTIOCH, Calif. – A teller at Metro 1 CU was charged with helping plot the Feb. 25 armed robbery at the credit union when $74,000 was stolen.

NEW LONDON, Conn. – NCUA has filed a claim in probate court against the state of an elderly investment broker for New London Security FCU who leaped to his death last July, just before regulators were closing in on his apparent fraud that sunk the $13 million institution.