WASHINGTON-President George W. Bush has nominated Iowa State Senator JoAnn Johnson (R) to serve in his administration on the NCUA Board. Johnson will replace current holdover NCUA Board Member Yolanda Wheat, whose term expired in August. At the same time, Bush also announced Dennis Dollar as the permanent chairman to...
WASHINGTON-San Mateo Credit Union President and CEO Barry Jolette, CUNA vice chair and heir-apparent to the chairman's seat, does not believe in setting an overall theme if and when he does become chairman of CUNA. But, if you twist his arm, the one thing he would like to continue in...
ALEXANDRIA, Va.-In preparation for her departure from the NCUA Board, Board Member Yolanda Wheat has traded in her home in McLean, Va. for a condominium in nearby Crystal City. Wheat has maintained two homes, one in Missouri for the past 11 years and one in the Washington-area, since her husband,...
WASHINGTON-Credit Union House is awaiting its grand entrance-or entrants, from the building's perspective-into the credit union community, according to Credit Union House Manager Kyle Noble. A ribbon cutting ceremony was originally scheduled to take place September 11, but it was postponed due to the bombing of the Pentagon and subsequent...
WASHINGTON-Still in shock over the commercial jetliner crashes that eventually toppled the World Trade Center and careened into the west side of the Pentagon building on September 11, at press time the credit union trade associations, leagues, and NCUA scurried about to gather information and offer assistance to those inside...
ALEXANDRIA, Va.-Just two days following the terrorist attacks, on the World Trade Center and the Pentagon in neighboring Arlington, Va., the NCUA Board meeting went on as scheduled but with a few tweaks to security, according to acting NCUA Chairman Dennis Dollar. He said that around 10 a.m. on the...
ALEXANDRIA, Va.-In a small ceremony on August 31, acting NCUA Chairman Dennis Dollar presented Shiloh of Alexandria Federal Credit Union (SAFCU) with a charter expansion from a church based credit union to encompass the entire Parker Gray section of Alexandria, Va., which is often referred to as the "inner city."...
WASHINGTON - The U.S. Court of Appeals for the District of Columbia heard the appeal of the field of membership (FOM) case brought by the American Bankers Association (ABA) against NCUA. Michael Robinson, attorney for the Department of Justice, represented NCUA in court. "I don't see any reason, based on...
WASHINGTON - At some points too choked up to speak, political powerhouse and former Senate Banking Committee Chairman Phil Gramm (R-Texas) announced recently that he would not be seeking re-election to the Senate when his term expires after 2002. Gramm is a close ally with credit unions. As just one...
ALEXANDRIA, Va.-In a letter to credit unions (01-FCU-05), NCUA reiterated its new risk-based examination policy. The new policy is expected to yield considerable savings to the agency and credit unions. Credit unions which are considered low-risk to the insurance fund will be examined twice every three years rather than annually....