by. Keith Leggett The available evidence shows that credit union membership growth is concentrated primarily among large credit unions. CUNA Mutual in it December 2013 Credit Union Trends Report stated: "Between Q3 2012 and Q3 [...]
by Keith Leggett In its draft 2014 - 2017 Strategic Plan, the National Credit Union Administration (NCUA) identified one of its legislative priorities as "[i]mproving NCUA’s ability to manage the NCUSIF by providing [...]
by. Keith Leggett In a comment letter to the the National Credit Union Administration (NCUA), the American Bankers Association (ABA) expressed its support for a proposal to subject a federally insured credit union (FICU) with [...]
by. Keith Leggett The Material Loss Review (MLR) of National Credit Union Administration's Office of the Inspector General (OIG) found that Chetco FCU (Brookings, Oregon) failed because of inadequate management and board oversight of the [...]
by. Keith Leggett In a speech at the National Association of State Credit Union Supervisors’ annual State System Summit, National Credit Union Administration Board Chairman Debbie Matz announced the agency is drafting a proposed rule [...]
by. Keith Leggett The National Credit Union Administration has called on federal credit unions to stop advertising that anyone can join a credit union. “If your credit union is advertising that anyone, without limitation, is [...]
by. Keith Leggett Below is a video of Ken Kies discussing how two businesses that were previously tax exempt have prospered after their tax exemption was repealed. Ken Kies is currently Managing Director of [...]
by. Keith Leggett This may come as a surprise to most people; but CEOs at credit unions with at least $250 million in assets earn more than their counterparts at comparably sized banks. A recent [...]
One financial measure that is probably giving the National Credit Union Administration heartburn has been the continued increase in net long-term assets relative to total assets. The net long-term assets to total assets ratio is [...]
by Keith Leggett The National Consumer Law Center (NCLC) and the Center for Responsible Lending (CRL) wrote NCUA Chairman Debbie Matz asking NCUA to stop federal credit unions from making triple-digit payday loans. The letter [...]
by. Keith Leggett A coalition of 12 trade groups sent joint letters last week to Reps. Steve Stivers (R-Ohio) and Ed Perlmutter (D-Colo.) thanking them for their help in urging the Consumer Financial Protection Bureau ([...]
by Keith Leggett Credit unions like to talk about how they put people ahead of profits; but a complaint before the South Dakota Supreme Court against Black Hills Federal Credit Union (Rapid City, SD) and [...]
by. Keith Leggett The average 2011 compensation for CEOs at state-chartered credit unions with $1 billion or more in assets was about $814 thousand. The median CEO compensation was approximately $673 thousand. The information on [...]
By. Keith Leggett NCUA's Office of the Inspector General (IG) released the Material Loss Review (MLR) on the failure of Telesis Community Credit Union with an estimated loss to the National Credit Union Share Insurance [...]
by Keith Leggett A whistleblower lawsuit filed by the former CEO of Ukrainain National Federal Credit Union reveals that the credit union was under an enforcement order. The Credit Union Journal (paid subscription) reported that [...]
