WASHINGTON-NAFCU reiterated a few areas of concern regarding the Renaissance Commission recommendations during the most recent meeting of the National Credit Union Legislative and Regulatory Coordinating Council last week. The Coordinating Council was conceived during the H.R. 1151 battle and was scheduled to meet quarterly, but the frequency of meetings...

ALEXANDRIA, Va.-Rather than wait for Congress to decide bankruptcy abuse reform measures that have been debated for four congressional sessions now, credit unions are doing what they can to help members avoid bankruptcy and help themselves at the same time. A recent report (See story page 3) indicated that bankruptcy...

ALEXANDRIA, Va.- Last quarter, April 1 through June 30, bankruptcy filings rose 24.5% over the same period last year, making it the highest quarterly period ever for bankruptcies, according to data by the Administrative Office of the U.S. Courts. Filings increased from 321,729 in the second quarter of 2000 to...

ALEXANDRIA, Va.-After graduating high school, NCUA Information Specialist Cherie Umbel got married and had children, as many women of her generation did. When the marriage did not last, Umbel was forced to enter the full-time working world as a single mother with just a high school diploma. Fortunately, in September...

WASHINGTON - NAFCU has made its regulatory relief wish list known, and it's nothing like CUNA's. In a letter to Acting NCUA Chairman Dennis Dollar, NAFCU President and CEO Fred Becker provided the regulator with a list of reforms the trade association would like to propose for a regulatory relief...

ARLINGTON, Va.-In the latest NAFCU Flash Report, NAFCU Economist Jeff Taylor found some surprisingly good news for credit unions on the approvals of select employee groups (SEGs). "Overall, it appears that the majority of SEG applications, regardless of size, are being approved when the appropriate details are provided and regulations...

WASHINGTON-CUNA learned that the House Financial Services Committee plans to request a limited number of suggestions for regulatory relief from each of the federal financial services regulators. CUNA President and CEO Dan Mica wrote his board recommending that CUNA, via NCUA and in consultation with other credit union groups, send...

WASHINGTON-Communications is one of the most important functions of any trade association, including CUNA. Perhaps that is why Mark Wolff was selected by CUNA to work in its communications office nearly 11 years ago and has risen through the ranks to Senior Vice President of Communication for the trade group....