Posts Tagged ‘Credit Union Watch’

Banks top CUs in customer satisfaction

Banks top CUs in customer satisfaction

The American Customer Satisfaction Index (ASCI) is reporting that banks topped credit unions in customer satisfaction. This is the first time in the history of the index where banks scored higher than credit unions. After [...]

NCUA should seek feedback on CAMEL ratings

NCUA should seek feedback on CAMEL ratings

The National Credit Union Administration (NCUA) should seek feedback from credit unions and other stakeholders concerning the current use of CAMEL ratings by the agency. The Federal Deposit Insurance Corporation and the Board of Governors [...]

Only 1 in 5 CUs offer free checking

Only 1 in 5 CUs offer free checking

Moebs Services is reporting that credit unions have dramatically reduced their offerings of free checking. Free checking has declined by 59.2 percent so far this year at credit unions. According to Moebs Services, only [...]

Bill would create postal Bank

Bill would create postal Bank

U.S. Senator Kirsten Gillibrand (D - NY) introduced legislation (S. 2755) to create a Postal Bank, which would establish a retail bank in all of the U.S. Postal Service’s 30,000 locations. [...]

Credit unions have tapped taxpayers’ funds

Credit unions have tapped taxpayers’ funds

Credit unions have received taxpayer money, despite statements to the contrary. Recently, Richard T. Webb wrote Credit Union Times that "[c]redit unions have never cost the tax payers [sic] a single penny and will [...]

Financial trade groups support AML modernization bill

Financial trade groups support AML modernization bill

Twelve financial groups on January 4th thanked Reps. Steve Pearce (R-N.M.) and Blaine Luetkemeyer (R-Mo.) for introducing an anti-money laundering (AML) and counter-terrorist financing modernization bill that will help prevent criminals from using shell [...]

81 percent of FICUs reported a profit

81 percent of FICUs reported a profit

The National Credit Union Administration reported that 81 percent of all federally-insured credit unions (FICUs) reported positive net income through the first 3 quarter of 2017. A year earlier, 80 percent of FICUs reported positive [...]

NCUA identifies supervisory priorities for 2018

NCUA identifies supervisory priorities for 2018

The National Credit Union Administration (NCUA) in a letter to credit unions announced its supervisory priorities in 2018. The agency identified the following seven areas for supervisory focus in 2018: cybersecurity assessment, Bank Secrecy Act [...]

ABA Chairman says it’s time to tax large CUs

ABA Chairman says it’s time to tax large CUs

The tax code shouldn’t pick winners and losers, and businesses performing the same service should face the same rules, ABA Chairman Ken Burgess wrote in a letter to the Wall Street Journal. The letter [...]

McWatters named acting NCUA Chairman

President Donald J. Trump has designated National Credit Union Administration (NCUA) Board Member J. Mark McWatters as the Acting Chairman of the NCUA Board. McWatters succeeds Rick Metsger, who was designated Board Chairman in May [...]

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