Posts Tagged ‘Credit Union Watch’

NCUA seeks comment on alternative capital

The National Credit Union Administration (NCUA) Board issued for comment an advance notice for proposed rulemaking (ANPR) on alternative capitl for credit unions. The NCUA Board is considering changes to the existing secondary capital regulation [...]

Credit union profits up 8 percent for 2014

by: Keith Leggett The National Credit Union Administration (NCUA) reported that credit union profits were up 8 percent for 2014 to $8.8 billion. The return on average assets ratio stood at 80 basis points [...]

Bleak future for small credit unions

by: Keith Leggett The National Credit Union Administration (NCUA) painted a bleak outlook for small credit unions in its proposal to raise the asset threshold for small entities to $100 million in assets. NCUA described [...]

NCUA makes the case for bifurcating credit union industry

by: Keith Leggett In its proposed risk-based capital rule, the National Credit Union Administration (NCUA) makes the case for two credit union industries -- one comprised of large, complex credit unions and the other made [...]

Credit Unions jumping into wealth management

by: Keith Leggett The Silicon Valley Business Journal reported on local credit unions entering into the wealth management business. Diana Dykstra, president and CEO of the California and Nevada Credit Union Leagues, stated that she [...]

Disability as a common bond

by: Keith Leggett Is a disability a common bond? For at least one credit union, the answer is yes. Veridian Credit Union (Waterloo, Iowa) states that part of its field of membership includes "individuals with [...]

Rep. Maloney: overdraft fees should be reasonable and proportional

Rep. Maloney: overdraft fees should be reasonable and proportional

by. Keith Leggett Representative Carolyn B. Maloney (D-NY) wrote Consumer Financial Protection Bureau Director Richard Cordray requesting he act immediately to curb abusive overdraft fees. She specifically urged Cordray to expand the opt-in rules to [...]

College students and low-income designation

by. Keith Leggett Numerous studies show that lifetime earnings and level of educational attainment are positively correlated. However, there are some college and university credit unions, which have received a low-income designation from the National [...]

Loans and assets up in Q2 2014

by. Keith Leggett NCUA reported that credit union loans and assets rose during the second quarter of 2014; but shares (deposits) fell. Federally insured credit unions’ total assets grew $47.3 billion, or 4.5 [...]

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