Archive December 2009

December 4, 2009, Alexandria, Va. – NCUA Board Member, Michael
E. Fryzel recently met with Andrews Federal Credit Union President & CEO Chris McDonald,
credit union staff, and Defense Credit Union Council President/CEO, Arty Arteaga
at the credit union’s headquarters in Suitland, Maryland.

Dems Working Furiously Toward Public Option CompromiseFOXNewsHe has said other compromise efforts, like a triggered public option based on affordability, and nonprofit health care cooperatives do not work. ...and more »

Arrowhead Credit Union union expects to show 4Q profitSan Bernardino SunSan Dimas-based WesCorp Credit Union, a corporate credit union that provided liquidity and services to non-corporates, fell victim to its investments in ...and more »

December 07, 2009, Alexandria VA. – NCUA Board Member, Michael E. Fryzel recently visited Navy Federal Credit Union CEO Cutler Dawson and executive credit union staff at the credit union’s headquarters in Vienna, Virginia.

December 07, 2009, Alexandria VA. – National Credit Union Administration Chairman Debbie Matz today called for changes in the credit union capital regime that would enable credit unions to promote consumer savings while maintaining rigorous safety and soundness standards.

Conservative Strategies Helped Big California CUs Remain in the BlackCredit Union TimesThree are undercapitalized, with less than 6% net worth: the $3 billion Wescom Credit Union, the $1.64 billion Kern Schools Federal Credit Union and the ...Read More

Congress and Administration Could Move on MBL HikeCredit Union TimesCredit unions could have several chances this week to finally get the cap on member business lending raised. Rep. Paul Kanjorski (D-Pa. ...and more »

Plan for recovery, even in a recessionThe HillWhen the financial crisis hit, we anticipated reduced levels of participation from our credit union executives nationwide. Our sense was that executives ...

Are co-ops and exchanges still on the table?Salt Lake TribuneIs the idea of health care cooperatives dead in the House and current Senate bill? I continue to see references to health care exchanges in ...

Kanjorski Cautiously Optimistic About MBL MovementCredit Union Timessaid last night there is “at least a 50-50 chance” that his proposal to raise the cap on member business lending will be included in the jobs bill that is ...

Oceanic bank rolls out new productsVanguard“Also, customers who want the fallback of overdraft protection on their current account to cover emergencies.” Giving the uniqueness of the products, ...and more »

Overdraft fees affect student financesUniversity Daily KansanView this interactive graphic to learn more about overdraft protection. Wall, Greensboro, NC, senior, overdrew her debit account on more than 10 separate ...

Overdraft Seen as 'New Tobacco' from AGsCredit Union TimesCredit unions and banks, now grappling with overdraft protection and fees, could soon find themselves in the same boat as the tobacco ...

December 10, 2009, Alexandria VA. – The National Credit Union Administration (NCUA) Board today approved the charter for a new low-income credit union in New York City.

Telesis, Shopping Center Working to Avoid ForeclosureCredit Union TimesA little over a month after Telesis Community Credit Union filed an $11 million breach of contract claim against a Florida development ...

Chartering, Second Mortgages, and NCUSIF Health Are on NCUA AgendaCredit Union TimesThe NCUA plans to unveil proposals to revamp its rules for its chartering and field of membership determination process at its meeting ...Read More

NCUA Approves Charter for East River Development Alliance Federal Credit UnionCredit Unions OnlineThe National Credit Union Administration (NCUA) Board has approved the charter for a new low-income credit union in New York City. ...Read More

FDIC Survey Proves Payday Loan Customers Are IntelligentBlogger News Network (blog)The intent was to push consumers out of payday loans and into banks, in an effort to get more people hooked on overdraft protection (which is more expensive ...and more »

At Town Hall, Sherman Decries Treasury Power BidSan Fernando Valley Business JournalSherman also said he is committed to “protecting consumers in the Valley by working on legislation to prevent abuses in overdraft protection,” which is ...