A credit union executive benefit is often designed as a 457(f) plan. While there are alternatives to a 457(f) approach for which funding may be mandated (such as collateral assignment split dollar), a 457(f) type of benefit does not have to be "funded."

ROYAL OAK, Mich. — NCUA's proposal to amend the agency's chartering and field of membership rules could slow indirect lending at some credit unions, say industry insiders.

It's advice that comes from someone who spent years inside credit unions before leaving for another industry and then returning (at least in part) in a new gig offering consulting.

MIAMI — Many credit unions looking for more ways to boost the bottom line in this low-interest-rate environment are running out of options.

DETROIT — Though NCUA has not focused much attention on cybersecurity at small credit unions, these institutions are no longer off the radar for criminals and hackers who are now homing in with distributed denial of service — otherwise known as DDoS — attacks.

WASHINGTON — The Senate Banking Committee passed major legislation to overhaul the housing finance system on Thursday, but observers say a quiet death likely awaits it due to a lack of greater support from key lawmakers.

CLEVELAND, Ohio — A jury in federal court here has convicted construction company owner Svetislav Vujovic on 14 counts for his role in the collapse of St. Paul Croatian FCU, one of the largest credit union failures in U.S. history.

A new war is brewing between banks and their customers, and the fight is going public.

BREA, Calif. — South Western FCU and Credit Union of Southern California have announced their intent to merge, pending approval from state and federal regulators and SWFCU members.

ALEXANDRIA, Va. — The NCUA remains committed to workforce diversity as a key to success for the organization, despite the agency failing to meet 60% of its own workplace target goals last year.

SPRINGFIELD, Mo. — Community Financial CU said Loretta Roney will succeed Cathy Stroud as the CU's CEO following Stroud's retirement after 32 years of service.

Federal Housing Finance Agency Director Mel Watt said Tuesday he had no plans to weigh in on pending housing finance reform legislation, leaving it to Congress to decide as early as this week.

WASHINGTON — After three regulatory relief bills sailed through the U.S. House of Representatives last week — two of which were written specifically for credit unions — industry insiders are cautiously optimistic.

WASHINGTON – The Senate Banking Committee will vote Thursday on legislation to overhaul the housing finance system after abruptly postponing deliberations late last month.

WASHINGTON — With more than 320 members of Congress signing on to a letter to NCUA urging it to extend the comment period and the implementation timeline for its risk-based capital proposed rule, credit unions are hoping the agency will take notice.

ALEXANDRIA, Va. — NCUA did not meet over half of its employment diversity goals for 2013, hitting only 40% of its target achievements in this category, according to the agency's annual report, released Monday.

WATERLOO, Iowa — Ashworth Credit Union and Veridian Credit Union plan to merge.

DOTHAN, Ala. — The proposed sale of Flint River National Bank to the $260 million Five Star CU here is a step away from completion after the Alabama CU Administration last week approved the deal.

WASHINGTON — The chance of a housing finance reform bill moving in Congress this year is seriously in question after six key Democrats have apparently rejected the plan offered by Senate Banking Committee leaders.

OSHKOSH, Wis. — Two employees of Oshkosh Central CU have been suspended following an investigation by the state's credit union regulator that has uncovered serious financial irregularities at the $28 million credit union.