WASHINGTON - A recent study from the Filene Research Institute, Differences in Bank and Credit Union Capital Needs, found credit unions have significantly lower capital needs than do banks. The study also found that credit unions, in general, fare better in economically bad times than banks. "I agree with the...
ALEXANDRIA, Va - A senior NCUA official downplayed credit union savings forecasts which, should they prove true, could bring an NCUSIF premium assessment for all federally insured credit unions. In a January 17 briefing on the NCUSIF Dennis Winans, NCUA's Chief Financial Officer, forecast 2002's NCUSIF equity ratio on savings...
ORLANDO, Fla. - Some Kids in Orange County, Florida, get a hands-on fully involved introduction into money management basics - by becoming credit union members. While a little over 8% of McCoy Federal Credit Union's membership have yet to see their 18th birthday, they have, through McCoy's Youth Savings Program,...
WASHINGTON - Gold Banc Corp., the bank holding company suing CUNA over alleged trademark infringement, has subpoenaed 103 credit unions and 14 credit union organizations in its case. The subpoenas require that the credit unions and organizations produce voluminous records of when and how they have used the CUNA trademarked...
WASHINGTON - With initial suggestions digested, the House Financial Services Committee asked credit union trade associations for anything else they thought should be part of its planned regulatory relief bill. The trades treaded on some more complex issues this time around. "After the first round of suggestions from the NCUA...
WASHINGTON - The National Community Reinvestment Coalition (NCRC), the organization that has sued the NCUA over how the agency removed the CAP regulation, is not the oldest of the consumer groups, or the largest or the wealthiest, but the consensus among financial service reporters and analysts is that it may...
WASHINGTON - At the February NCUA Board meeting newcomers JoAnn Johnson and Deborah Matz demonstrated how quickly they can come up to speed on issues, and Matz indicated how independently she may think as she abstained from one of her first votes as a NCUA Board Member. The abstention came...