Chartered for the Purpose of Making Member Business Loans "Credit News 24"

The National Credit Union Administration's Office of Consumer Financial Protection and Access is providing guidance to insured credit un...

Portions of Vast Community Charter Did Not Meet the Standard of Being Local in 2004 "Credit News 24"

The National Credit Union Administration (NCUA) in August approved a community charter for Utah Community FCU (Provo, UT) comprised of a Com...

CU Taxi Medallion Lender Likened to Last Decade's Predatory Subprime Lenders "Credit News 24"

The Philadelphia Inquirer is compares the collapsing of the Philadelphia taxi market to the mortgage meltdown last decade and has some harsh...

NCUSIF Equity Ratio of 1.30 Percent Is Not Normal "Credit News 24"

The National Credit Union Administration (NCUA) Board is proposing to increase the normal operating level of the National Credit Union Share...

NCUA Should Require Greater Transparency Regarding CEO Pay "Credit News 24"

The National Credit Union Administration's Voluntary Merger proposal would require a merging FCU to disclose to its members all merger-r...

Taxation is Not an Existential Threat to Credit Unions "Credit News 24"

As Congress looks at reforming the U.S. tax code, credit union groups are arguing that the elimination of the credit union tax exemption wou...

NCUA Proposes Controversial Voluntary Merger Regulation "Credit News 24"

The National Credit Union Administration (NCUA) is in the process of amending its regulations that govern a voluntary merger of a federal cr...

Company Chartering a Credit Union to Finance Loans to Its Customers Raises Policy Concerns "Credit News 24"

A clean energy company is looking to charter a new credit union to fund clean energy loans for its customers. According to BizWest, Namasté...

CU Member Perplexed by Secrecy over CEO's Pay "Credit News 24"

Recently, I was contacted by a credit union member who was being stonewalled by the member's federal credit union regarding the pay of t...

FCU's Statutory Interest Rate Cap Is Archaic "Credit News 24"

During its February 23rd National Credit Union Administration (NCUA) Board meeting, Board Member Metsger stated that the existing interest r...

Who Should Be Allowed to Purchase Alternative Capital? "Credit News 24"

The National Credit Union Administration (NCUA) Board is requesting comment on whether the sale of secondary and supplemental capital should...

Supplemental Capital and Corporate Governance "Credit News 24"

The National Credit Union Administration (NCUA) Board is inviting comments on the potential effect supplemental capital may have on the mutu...

Additional Thoughts on Melrose "Credit News 24"

While I have commented on Melrose Credit Union's solvency, I have not focused enough attention on Melrose's liquidity position. Duri...

BECU Buys Eight Buildings in Tukwila Office Park for $78 Million "Credit News 24"

Boeing Employee Credit Union (BECU) has purchased eight buildings at the Gateway Corporate Center office and industrial park in Tukwila for ...

Navy FCU Unveils Major Expansion Plan to Meet Robust Growth Targets "Credit News 24"

Virginia Governor Terry McAuliffe on January 11 announced that Navy Federal Credit Union (Vienna, VA) will invest $100 million to expand its...

OCC: Auto Lending Risk Is Increasing "Credit News 24"

The Office of the Comptroller of the Currency (OCC) in its Semiannual Risk Perspective for Fall 2017 noted that auto lending risk has been i...

NCUA Should Not Rubber Stamp Narrative Model for Community Charter "Credit News 24"

The National Credit Union Administration (NCUA) Board is proposing to resurrect the narrative model to demonstrate that a community that a f...

Bankruptcy Filing Affidavit Claims the Price of NYC Taxi Medallions As Low As $250,000 "Credit News 24"

A recent Chapter 11 bankruptcy filing of a taxi medallion owner placed the value for New York City (NYC) taxi medallions as low as $250,000....