Credit Unions See Asset And Member Growth In Second Quarter
Federally insured credit unions saw increases in members, total assets and shares and deposits in the second quarter of 2017.
Ten Massachusetts CUs Receive NCUA Grants
Ten credit unions in Massachusetts were among the 251 low-income credit unions across the country the NCUA awarded $1.8 million in grants for the purpose of expanding digital services to under-served communities, provide leadership training and improve cybersecurity.
Two CU Advocacy Groups Disagree Over TCCUSF Closure
Two major credit union advocacy groups are in disagreement over the National Credit Union Association’s proposed plan to close the Temporary Corporate Credit Union Stabilization Fund sometime this year.
NCUA Pushes Back Against ABA Lawsuit
The National Credit Union Administration is pushing back against a lawsuit filed by the American Bankers Association last year seeking to overturn a rule approved by the NCUA granting credit unions more flexibility to expand their membership.
NCUA Continues To Face Criticism For High Legal Fees
The National Credit Union Administration continues to face backlash for paying out more than $1 billion in contingency legal fees to several law firms for various lawsuits.
CU Advocates Say NCUA Restructuring Needed For Changing Industry
Two regional offices, including the one in Albany, charged with regulating credit unions in Massachusetts, Rhode Island, Connecticut, Maine, New Hampshire and New York would close under the National Credit Union Association’s recent announcement to restructure its operations.
ABA Sues NCUA Over Field Of Membership Rule
The American Bankers Association (ABA) has filed a lawsuit against the National Credit Union Administration over a rule the ABA says would unlawfully expand fields of membership for credit unions.
Shots Fired: ICBA Files Suit Against Credit Union Regulator Over MBL Rule
The Independent Community Bankers of America (ICBA) this week filed a lawsuit against the National Credit Union Administration (NCUA), alleging the credit union regulator overstepped its bounds and violated federal law with a commercial lending rule it issued earlier this year.
Matz To Leave NCUA In April
National Credit Union Administration Board Chairman...CU Association Adds Comments To NCUA’s MBL Proposal
The Cooperative Credit Union Association is speaking...
